The Najafi Companies, a private equity firm, has inked a “definitive agreement” to acquire Classic Vacations from Expedia Group on April 2, 2021, Classic Vacations said.

“This is a tremendous opportunity for everyone involved and I am confident that Classic Vacations will be strategically positioned, with The Najafi Companies’ support, to prosper in a post-COVID travel environment,” said Classic Vacations President David Hu. “And while it’s sad to part ways with our colleagues at Expedia Group, this change allows us to further strengthen our partnership with our travel advisors and to better support our travel advisor, hotel and destination partners.”

Classic Vacations, which founded in 1978, provides upscale vacation packages to such destinations as Hawaii, the Caribbean, Mexico, Europe and the South Pacific.

Read more/Source: Travel Pulse