Tzell Travel Group signs deal to mergewith Protravel International, Inc.Newly-combined New YorkCity-headquartered travel agency powerhouses to represent over $2.35 billion inannual sales volume
Today, Tzell Travel Group– a Travel Leaders Group company – is announcing that it has signed an agreement to merge with Protravel International, pending government antitrust approval. This merger helps us layfurther claim to making our company the undisputed leader in travel. We couldn’t be more thrilled to now joinforces with such an exceptionally well-operated company.
The merged operations within Travel Leaders Group would represent combined annual sales volume of over $2.35 billion. Travel Leaders Group CEO Barry Liben has indicated that once the deal closes, Tzell and Protravel would continue operating “as is” with no plans to change the successful models both companies have created. Under the terms of the agreement, Protravel founder Priscilla Alexander would continue serving as its President. “Together we now have 72 branches that extend to most major markets across the country and in the United Kingdom,” noted Alexander. “We are proud to now be associated with Travel Leaders Group. Their commitment to excellence provides peace of mind to our discerning clients and agents that we’ll continue providing extraordinary care far beyond their expectations.”
Travel Leaders Group is headquartered in Minnesota and ranks among North America’s top five traditional travel agency enterprises, enjoying nearly $17 billion in annual sales volume in 2011 through its wholly-owned, franchised and member operations. As Travel Leaders Group’s leading wholly-owned agency, New York City-based Tzell Travel Group’s sales approached $1.5 billion last year. In turn, 2011 sales for Protravel exceeded $850 million. While it is anticipated that the merger will close in November, full terms of the deal will not be disclosed since both companies are privately held.
Travel Leaders Group is transforming travel with a commitment to our vacation andbusiness travel clients via our progressive approach toward each unique travelexperience. Having already assisted millions of travelers – through ourbeginnings as Carlson Leisure Group, a division of Carlson Companies,TraveLeaders and Tzell Travel Group and through the additions of Nexion,Vacation.com and Protravel International – Travel Leaders Group managesleisure, business and franchise travel operations under a variety ofdiversified divisions and brands. Travel Leaders Group not only ranks as the #1corporate travel management company by BusinessTravel News, but it is also among the top ten travel companies on the 2012 Travel WeeklyPower List. In 2012, Entrepreneur rankeda Travel Leaders brand #1 in the category of “Travel Agencies-Miscellaneous.”
www.travelleadersgroup.com
About Tzell Travel Group: With annual sales approaching $1.5billion in 2011, Tzell Travel Group – as part ofTravel Leaders Group – is currently ranked first among the nation's largestcorporate travel management companies, according to Business Travel News.Tzell maintains its headquarters in New York City and has offices in 20 states.
In everything itdoes, Tzell Travel Group places the highest priority on both its corporateclient and its agents. For the individual traveler, Tzell addressesvalue, convenience, comfort and safety, with its customized quality travelerservices. For the corporation, Tzell offers a broad product line of costcontainment, meeting services and comprehensive travel management programs.
Tzell focuses on theneeds of its agents by providing the best work environment possible and thestrongest leadership and support team. These elements combined withexcellent air/hotel leisure programs create the 'safe haven' which is ahallmark of the Tzell brand.
About Protravel International Inc.:
Protravel’s diversity of products,size of annual sales and nationally recognized stature permits them to leveragethese strengths to bring the most competitive pricing and aggressivenegotiations for our highly diverse client base. It is a company-widecommitment to search for the best possible travel options for our customers.Travel arrangements are personally tailored to take optimum advantage of themost up to the minute changes in the industry.
For many years, a dedicated team hasguided Protravel with innovative ideas and skills. By incorporating the latesttechnologies and carefully monitoring industry developments, the finestproducts and highest levels of service are maintained. The continued success ofProtravel is a testament to our sound operation and well-planned development.
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