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Two Minnesota Travel Agencies Merge, Seek Further Acquisitions

Businessmen Shaking Hands Two Minnesota Travel Agencies Merge, Seek Further Acquisitions Photo by Tom Merton/OJO Images/Getty Images Two of Minnesota’s oldest travel agencies – Minneapolis-based Schilling Travel and Coon Rapids-based Riverdale Travel – have announced a plan to merge. Additionally, the two agencies’ new, combined parent company reports it is actively seeking other companies to acquire. Under the terms of the deal, which is expected to close July 2, Schilling will acquire Riverdale for an undisclosed sum. The new entity, under parent company Allied Continental Holdings, has annual sales of over $20 million as well as a combined total of 128 years of serving Minnesota’s leisure and corporate travelers, the two companies said. What’s more, Allied Continental says that the combination represents the first step in a strategic plan to acquire and integrate travel agencies throughout the Midwest. Riverdale is part of Signature Travel Network, while Schilling is part of Travel Leaders Network. The #1 Industry Event for Specialization | Oct. 9-11, 2018 Travel Industry Exchange is the leading one-to-one event featuring a product-focused conference, networking and entertainment. Top agents vie for coveted hosted positions to leverage valuable supplier content that will help improve personal growth and increase overall sales. “With the ongoing consolidation of air, car and hotel suppliers in the United States , Allied Continental Holdings believes that the best way to grow its business is by banding together with other like-minded travel agency owners,” the two companies said in a statement announcing the merger.

For the original version including any supplementary images or video, visit https://www.travelagentcentral.com/running-your-business/two-minnesota-travel-agencies-merge-seek-further-acquisitions

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