India-based TBO Tek has completed the acquisition of US-based Classic Vacations from Phoenix-based investment firm, The Najafi Companies. The total consideration for the acquisition was $125 million, including closing adjustments. The move follows TBO’s earlier announcement on September 2 that it had entered into a definitive agreement to acquire the luxury travel brand.

Classic Vacations will continue to operate as an independent brand under its existing leadership team, led by CEO Melissa Krueger, carrying forward its five-decade legacy of trusted advisor and supplier relationships in the U.S. luxury travel market. With the backing of TBO’s advanced technology platform, worldwide inventory, and expansive distribution network, Classic will be able to scale faster, broaden its offerings, and deliver even greater value to its community of more than 10,000 travel advisors and their customers.

The acquisition marks a natural step in TBO’s strategic vision of becoming one of the largest Global travel-tech platforms, expanding its presence in one of the largest source markets for premium outbound travel and further reinforcing its position as a global leader in luxury travel. By creating greater scale and reach, the combined platform is well-positioned to harness the network effects of the travel-tech industry, accelerating growth, deepening engagement, and unlocking sustained long-term value through larger and more connected buyer–supplier ecosystems

Following the transaction, Classic Vacations will operate as a material step-down subsidiary of TBO Tek.