IRISH Continental Group has bought Irish specialist agencies Gerry Feeney Travel and Tara Travel for £3.75m.
The shipping group, which owns Irish Ferries, says the purchase of the ten stores is part of its strategy to develop more mainstream travel business.
Six Tara Travel shops and two Gerry Feeney shops in London make up the purchase along with one Gerry Feeney shop in Birmingham and one in Dublin. Tara Travel has an annual turnover of £14m and Gerry Feeney turns over £8m.
Former owner Gerry Feeney will become managing director of the new acquisition which will be managed by former Tara Travel co-owner Michael McCann. Tara Travel’s other owner John Mullally has retired.
ICG has left the renaming of the new acquisition up to Feeney who has yet to make a decision.
A spokeswoman for ICG said no job losses were anticipated.