CWT US, LLC
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CWT US, LLC - overview
Established
1872
Location
Minneapolis, MN, US
Primary Industry
Travel & Leisure
About
Based in Minnesota, US, and founded by Georges Nagelmackers in 1872 (as Wagons-Lits), CWT US, LLC, formerly known as Carlson Wagonlit Travel, operates as a B2B4E (business to business for employees) travel management services company. In September 2025, GBT Travel Services UK Limited, a portfolio company of BlackRock, Qatar Investment Authority, Certares Management, and Macquarie Group, acquired CWT Global B. V. from Redwood Capital Management and Monarch Alternative Capital for approximately USD 540 million.
The company offers a wide range of corporate travel and meeting services to businesses in over 140 countries. Their product and service portfolio includes offerings such as expense management, travel policy development, booking services, hotel management, air distribution, risk management, and travel consulting. CWT also specializes in meetings and events management, providing seamless experiences for clients across various industries. The September 2025 acquisition strengthens CWT by providing financial stability, expanded global resources, advanced technology integration, and enhanced service capabilities for corporate travel clients worldwide.
Current Investors
Monarch Alternative Capital, Redwood Capital Management
Primary Industry
Travel & Leisure
Sub Industries
Consulting Services, Hotels & Accommodations, Travel & Tourism, Analytics & Performance Software, Customer Relationship Management
Website
www.mycwt.com
Verticals
Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CWT US, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | CWT US, LLC | - | ||||||||
| Buyout | Completed | CWT US, LLC | - |
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