Minneapolis-based Carlson announced that it has accepted an internal acquisition offer for its Carlson Leisure Group (CLG) by CLG management personnel. The group completed the acquisition on Monday, Jan. 28, affecting only CLG and its portfolio. Carlson will remain the majority owner of Carlson Wagonlit Travel and the leisure travel services currently part of Carlson Wagonlit Travel’s operations.
CLG’s management team will now conduct business under the name Travel Acquisitions Group (TAG). Carlson views the transaction as a “win-win” for both parties, allowing Carlson to grow its global travel and hospitality brands, while TAG pursues other leisure travel opportunities.
During its time under Carlson operations, CLG grew from 960 locations to over 1,700, and company-owned operations increased to sales nearing $1 billion.
> Learn more about the transaction.
