Private Equity Firm Najafi Companies Acquires Classic Vacations from Expedia
March 02, 2021
Phoenix-based private equity firm Najafi Companies has acquired Classic Vacations from Expedia Group, the vacation wholesaler announced on Monday.
The deal, which will be effective April 2, includes all assets of Classic Vacations. It also includes Classic President David Hu, who will remain at the helm along with his leadership team.
“These past months have underlined the magic of being able to travel with friends and family, create new experiences, and make new memories. 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-19 travel environment,” said 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 trave