Hospitality Solutions has revealed the completion of its previously announced acquisition by TPG from Sabre. Additionally, the company has appointed Teresa Mackintosh as CEO.
“The hospitality industry is embarking on a long-overdue digital transformation, driven by hotels’ growing reliance on technology to deliver seamless and personalized guest experiences,” said Mackintosh. “Hospitality Solutions is leading this evolution with a suite of purpose-built tools that empower hotels to thrive in a tech-enabled era. It’s a privilege to join the team at this exciting moment in the company’s history, and I look forward to working together to provide dynamic solutions that allow our customers to focus on what matters most: their guests.”
TPG acquired Hospitality Solutions through TPG Capital, its large-scale U.S. and European private equity platform. Alongside the transaction close, Hospitality Solutions has received a strategic minority investment from MCR, the third-largest owner-operator of hotels in the U.S., which will bring additional, specialized hospitality expertise. In connection, Tyler Morse, MCR chairman/CEO, will join the company’s board of directors as vice chairman.
“Hospitality Solutions is the critical bridge between hotels and the information needed to operate efficiently and deliver tailored experiences,” Tim Millikin and Paul Hackwell, partners at TPG, said in a statement. “Teresa’s growth mindset, collaborative approach and unique ability to drive organizational and customer-facing innovation makes her the perfect leader to take the company to its next level. We’re thrilled to partner with MCR to support the team as they continue to shape the future of hospitality technology.”
Mackintosh most recently served as CEO and then executive chair of Trintech, a global enterprise SaaS company. She previously served as president/CEO of Wolters Kluwer Tax and Accounting for the U.S. and as a managing director at Thomson Reuters.
