Frosch s plans for its new investment Outsourcing trends in corporate travel management Finding the right commercial model for TMC clients New York- and Houston-based Frosch International Travel this week announced that EagleTree Capital had taken an undisclosed minority stake in the agency. Frosch has been bullish on acquisitions during the pandemic, purchasing CorpTrav and Luxe Travel last year and taking a majority stake in Plaza Travel. Frosch CEO Bryan Leibman spoke to BTN editorial director Elizabeth West about the investment and the company s plans amid the industry downturn and recovery. They were joined by Albert Taras, founder and CEO of TCG Consulting, which Frosch acquired in 2019. The following is an edited excerpt of that conversation.