French investment firm to take stake in Intrepid

Intrepid achieved record sales of AUS $491 million in 2019, and during the pandemic, it launched more than 100 new sustainable local trips and set new verifiable science-based carbon reduction targets.

"As the travel industry starts to recover from the pandemic, we remain focused on building the best travel company for the world,” said Thornton.

"The fact Genairgy and Intrepid have come together at this time demonstrates real confidence in the future of sustainable experience-rich travel. It’s clear that what was once considered a niche will become a mainstay tourism model post-Covid."

Leclercq said Genairgy’s strategy and values were closely aligned with those of Intrepid, which secured B Corp certification in 2019. It owns DMC network Altai, and has its own adventure travel division.

"We are excited to find a partner with the same values as us and we look forward to helping Intrepid achieve its full potential as we emerge from the global pandemic,” said Leclercq.

"While Intrepid has maintained an impressive history of growth, it was their genuine commitment to sustainable travel and B Corp credentials that truly set them apart."