Plymouth-based Travel Leaders Group is gaining more than $850 million in annual sales volume with the merger of its largest New York-based agency with another New York agency. Travel Leaders' wholly owned Tzell Travel Group and Protravel International Inc. have agreed to merge, the Minnesota firm announced this week.
Combined, the two agencies will provide $2.35 billion in annual sales to Travel Leaders' nearly $17 billion in sales volume. The merger is pending government antitrust approval and is expected to close in November. The two privately held companies did not disclose the full terms of the transaction.
DAVID PHELPS
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
5 dead and over 100 hospitalized from recalled Japanese health supplements
In the week since a line of Japanese health supplements began being recalled, five people have died and more than 100 people were hospitalized as of Friday.
Business
Stock market today: Asian shares are mostly higher after another set of Wall St records
Asian shares ended mostly higher in quiet, Good Friday holiday trading, while European and U.S. markets were closed.
Business
Thailand steps up border control of livestock after anthrax outbreak is reported in neighboring Laos
Thailand's government has ordered officials to closely monitor livestock along the border with Laos after more than 50 people were reported to have contracted anthrax in the neighboring country.
Business
Huawei's profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions.
Business
The EU plans to fast-track some financial aid to Egypt. The usual funding safeguards will not apply
The European Union intends to fast-track some of its aid money to Egypt using an urgent funding procedure that bypasses parliamentary oversight and other safeguards, according to the president of the bloc's executive branch.