PANAMA CITY BEACH -- Panama City Beach travel agency BookIt.com announced Monday the acquisition of $10 million in funding from Chicago investment firm Monroe Capital to support growth.
Tom DiBacco, vice president of business and finance for BookIt.com, said the company has been operating without outside capital for about 10 years.
“We are excited to have secured funding needed to open up additional opportunities and continue our strong growth trajectory,” DiBacco said, noting a focus on technology investment, product development and expanding inventory sources.
BookIt.com is a privately held online travel agency based in Panama City Beach specializing in packages to leisure destinations in the U.S., Mexico and the Caribbean. Using BookIt.com, customers can search for hotels, air travel, car rentals, cruises and travel insurance and destination services from suppliers.