Expedition travel company Lindblad Expeditions Holdings, Inc., has acquired majority stakes in DuVine Cycling + Adventure Co. and Off the Beaten Path LLC, reflecting the rapidly growing cycling tourism and domestic expedition market.
Based in Somerville, Massachusetts, DuVine is a luxury cycling and adventure company and currently runs a variety of trips that combine sail and biking experiences, which will be further expanded as part of Lindblad.
Off the Beaten Path, based in Bozeman, Montana, offers active small-group and private custom journeys around the world with a focus on U.S. National Parks.
Both DuVine President and CEO Andy Levine and Off the Beaten Path President and CEO Cory Lawrence will continue in their roles for the new Lindblad subsidiary, as well as retain an ownership interest in their respective companies.
DuVine and Off the Beaten Path have been operating trips during COVID and are currently experiencing strong levels of bookings for future travel.
Sven Lindblad, president and CEO of Lindblad Expeditions, said the acquisitions expand the company’s platform of experiential offerings in the robust adventure travel sectors. “Our proven ability to leverage our platform and effectively cross-market creates the opportunity to accelerate growth across our entire portfolio” and capitalize on the growing demand for authentic and immersive adventure travel, he said.
Meanwhile, DuVine and Off the Beaten Path will benefit from Lindblad’s scale, resources, marketing experience, and conservation leadership.
In 2016, Lindblad acquired Natural Habitat, Inc., an adventure travel and ecotourism company based in Boulder, Colorado for approximately $20 million.
These deals have allowed Lindblad Expeditions, which focuses on ship-based voyages, to provide land-based travel through its subsidiaries, Natural Habitat Adventures, and now Off the Beaten Path and DuVine Cycling and Adventure.