Agent Issues Cruise Planners execs buy out investor By Tom Stieghorst / January 08, 2013 Share 1 -- Cruise Planners/American Express will be owned by its three principal executives, following a buyout of a stake owned by a financial investor, Palm Beach Capital. The price and other terms of the acquisition weren't disclosed. The private equity firm had been a majority owner since 2005, shortly before two of the three co-founders left the company. Cruise Planners, based in Coral Springs, Fla., is now owned by CEO Michelle Fee; CFO Tom Kruszewski; and Vicky Garcia, executive vice president of sales and marketing. Garcia will become chief operating officer of the new company. Fee retained a minority stake when co-founders Lynn Korn and Marvin Davis retired in 2007. Cruise Planners has more than 800 franchisees. Follow Tom Stieghorst on Twitter at tstravelweekly.