Travel Leaders Group has reached an agreement to acquire Barrhead Travel Group.
Barrhead is one of Scotland’s largest retail travel companies and one of the largest in the United Kingdom, with more than 75 locations and more than 900 employees and agents.
The company will become part of Travel Leaders Group’s growing presence in the UK and around the world.
The transaction is expected to close in the first quarter.
No financial information was disclosed.
“Barrhead is a great addition to our family of brands.
“It’s an innovative, award-winning travel business that is on a trajectory for continued growth,” said Travel Leaders Group chief executive, Ninan Chacko.
“From its high-touch retail travel superstores to its online presence, Barrhead offers personalised attention, technology tools, highly-trained travel specialists and a wide range of travel products and services.”
Due to its leadership position in the UK market, Barrhead will retain its distinct brand identity within the Travel Leaders portfolio.
Barrhead’s chief executive, Sharon Munro, will continue to manage the business.
Her father and Barrhead founder, Bill Munro, will serve in a strategic advisory role as chairman of the Barrhead division within Travel Leaders Group.
No major changes in operations are anticipated.
Chacko added: “Bill and Sharon Munro have devoted their careers to building this extraordinary business.
“We’re pleased that the Munro family is entrusting the future of Barrhead, its employees, agents and customers to our organisation.
“We’re excited about this chance to expand our presence in Scotland and the UK overall and the opportunities this affords both companies.”
Once the transaction is finalised, Travel Leaders UK portfolio will include Barrhead, Colletts Travel, Protravel International, UK, and Tzell.
Travel Leaders Group is one of North America’s largest travel companies – encompassing nearly one-third of all travel agents on the continent.
Travel Leaders Group is a leader in both consumer retail travel and global corporate travel, and consistently ranks as one of the top travel companies nationwide.