Mergers & Acquisitions ·
Lindblad Expeditions Holdings, Inc. acquired a 60% controlling interest in White Desert Ltd, PNR Airways Ltd, and Echo…
LINDLindblad Expeditions Holdings, Inc.
Lindblad Expeditions Holdings, Inc. acquired a 60% controlling interest in White Desert Ltd, PNR Airways Ltd, and Echo Charlie Ltd for an aggregate cash purchase price of approximately $61 million, plus approximately $6 million for balance sheet cash. The transaction includes options to purchase the remaining equity interests in two tranches exercisable within 30 days of December 31, 2030 and 2031 at prices based on EBITDA. Concurrently, the company raised its full-year 2026 financial guidance, projecting tour revenues of $850-$880 million, net yield per available guest night of 5.5%-6.5%, and Adjusted EBITDA of $140-$148 million. Lindblad Expeditions Holdings, Inc. operates in the global adventure travel industry, offering immersive educational expeditions across all seven continents.