Lindblad Acquires 80% Stake In Classic Journeys For Undisclosed Sum

Lindblad Expeditions Holdings Inc LIND has acquired a majority stake (80%) in Classic Journeys LLC, a luxury cultural walking tour company. The financial terms of the acquisition were not disclosed.
Lindblad expects the acquisition to deepen its platform of experiential product offerings in adventure travel sectors.
Lindblad expects to capitalize on the growing demand for authentic and immersive adventure travel and wellness worldwide.
Lindblad held $203.55 million in cash and equivalents as of June 30, 2021.
Price Action: LIND shares are trading higher by 1.65% at $15.07 on the last check Tuesday.