Travel agency business Go Travel has bought long-established family owned Coach Holidays.com to secure the future of the business.
Coach Holidays.com can trace its history in Croydon back 70 years selling more than £100 million worth of holidays.
The company employs ten people at its retail outlet in the town.
The business was put up for sale following the death of two directors.
Go Travel, founded in Chislehurst in 1999 by Chris and Penny Roberts and their son Mike, has branches in Petts Wood, Locksbottom, Sevenoaks and Blackheath employing 28 staff. It also has a tour operator, cultural-breaks.com, specialising in luxury escorted holidays.
Director Mike Roberts was introduced to Elle and Barbara Flin, members of the original founding family of Coach Holidays.com, by Barclays relationship director James Carden.
Roberts said: “I could see that this was a successful company and was complementary to our own so it made sense to combine the two businesses.
“I wanted to maintain a strong presence in Croydon so have moved the business across the road to offices in Woolwich House where we run the businesses effectively and can still meet and support customers.
“I was delighted that all of the members of the team stayed with the businesses so we have been able to benefit from their excellent contacts and experience.
“We have ambitious plans for the business and I am really confident about the future.”
Carden said: “It was a pleasure to be able to introduce two of my customers to one another and with such a satisfactory outcome for both parties.
“It is clear that the businesses will both benefit from the tie up and I look forward to supporting the combined group long into the future.”
Sarah Jones, MP for Croydon South, visited the business to congratulate them on the next stage of development.