M&A
confidence high
sentiment positive
materiality 0.60
Lindblad closes acquisition of Galapagos vessel operator Torcatt Enterprises for $17M
LINDBLAD EXPEDITIONS HOLDINGS, INC.
- Closed acquisition of 100% of Torcatt Enterprises Limitada for $17 million on January 9, 2025.
- Torcatt holds interests in two vessels (48-passenger and 16-passenger) operating in the Galapagos Islands.
- Acquisition expands Lindblad's operations in a core market, adding capacity in the Galapagos.
- Deal was previously reported; closing completed as scheduled.