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 Business
Business
What to stream this week: Dua Lipa, Seinfeld's 'Unfrosted' 'Hacks' and 'Welcome to Wrexham'
The return of ''Hacks'' and a new Jerry Seinfeld movie are some of the new television, movies, music and games headed to a device near you.
Business
Spain is in suspense waiting for Pedro Sánchez to say whether he will resign or stay in office
Spain is in nail-biting suspense Monday as it waits for Prime Minister Pedro Sánchez to announce whether he will continue in office or not.
Business
Revival of vinyl records in Brazil spares a 77-year-old singer – and others – from oblivion
It took almost a half century for Brazilian singer Cátia de França to find her audience, but she finally has — with the help of a near-obsolete audio technology.
Business
Tesla founder Musk visits China as competitors show off new electric vehicles at Beijing auto show
Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show.
Business
Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street
Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.