Barrhead 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.
Barrhead chairman Bill Munro said: “This is great news for our staff, our customers and our suppliers.”
Travel Leaders Group chief executive Ninan Chacko, CTC, added: “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.
“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.
“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.”
Due to its leadership position in the UK market, Barrhead will retain its distinct brand identity within the Travel Leaders UK portfolio, it said.
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.
Once the transaction is finalised, Travel Leaders UK portfolio will include Barrhead, Colletts Travel, Protravel International UK and Tzell UK.