St. Louis-based Maritz Travel Acquires Experient
April 2, 2012
One big meetings and events supplier bought another, with St. Louis-based Maritz Travel acquiring Twinsburg, Ohio-based Experient. Terms of the deal were not disclosed.
Maritz Travel is a global leader in providing full-service meeting, event and incentive travel programs to corporate clients, and Experient is a provider of meeting and event services to associations, tradeshows, corporations and the U.S. government.
“As a result of this deal, Maritz Travel will lead the industry in four key areas – corporate, association, tradeshow and strategic meetings management. Coming together this way will fuel our shared objective to grow in the markets we serve,” said David Peckinpaugh, president of Maritz Travel.
He added, “By combining, we will expand the capabilities we bring to clients beyond what either of us might offer independently.”
According to Martiz officials, their company’s end-to-end service delivery model will be enhanced by Experient’s ability to provide additional full and select services, including registration, housing, site sourcing/contract negotiation and lead retrieval.
As a result, the combined companies will be able to tailor services that better align with clients’ specific needs, Maritz officials added.
Clients also will benefit from 12 regional locations and the ability to serve clients across corporate, association, tradeshow and government markets.
“This is a great day for Experient employees and our clients. I’m particularly excited about the cultural fit between Maritz and Experient,” said Jeff Price, CEO of Experient, who played a key part of the acquisition with Maritz.
He added, “Our companiesshare core values, especially our commitment to helping clients achieve better business value by delivering exceptional event experiences for their participants.”
In 2011, the combined impact of Maritz Travel and Experient represented more than $2 billion in industry volume spend and nearly 3 million travelers served.
“Both Maritz Travel and Experient have been stable and innovative forces on behalf of our clients over the challenges of the last few years,” Peckinpaugh said.
He added, “The event industry has had to evolve as a result of a volatile business environment. Spend is returning to pre-recession levels, and together Maritz Travel and Experient are leading the market in delivering the flexibility and range of services organizations need to achieve growing and increasingly aggressive business results.”
As a result of the acquisition, Price will step down, and Experient will operate as a wholly owned subsidiary of Maritz Travel.
“Jeff Price has done a great job of leading Experient to its current market position. As a result, this deal with Maritz Travel represents great promise for both companies, our clients and the industry,” Peckinpaugh said.
He added, “Clients at both Experient and Maritz Travel will continue to experience the stability, breadth of expertise and resources of both companies while tapping into enhanced service offerings.”
Partner Voices
MGM Resorts is renowned for its exceptional service and diverse venue options across Las Vegas, Detroit, Springfield, National Harbor, Biloxi, and Atlantic City, providing flexible spaces for meetings of any size. Beyond these offerings, MGM Resorts distinguishes itself through a strong commitment to social responsibility and sustainability, making it an ideal choice for your next meeting.
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Protecting Natural Resources
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Committed to Community
Always striving to be good neighbors, MGM Resorts works to avoid food waste and combat food insecurity with the Feeding Forward program. In partnership with local food banks, they safely divert unserved food to food insecure members of the community. Since 2016, over 5 million meals have been provided, highlighting MGM Resorts' commitment to minimizing food waste and addressing community needs.
MGM Resorts supports clients in their responsible-meetings efforts, not only with efficient venues but also waste-reducing décor and signage; sustainable food and beverage options; and outreach to help planners communicate sustainability efforts to attendees. What’s more, they offer a Mindful Meetings series that puts attendee wellness first—through fitness and mindfulness activities, and in give-back events with local charity organizations.
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To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.
MGM Resorts offers unparalleled service and venue options while standing out for its proactive approach to sustainability and community engagement. Choosing MGM Resorts for your next meeting means aligning with a company that values social responsibility, efficiency, and attendee satisfaction, ensuring a meaningful and impactful event experience.
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