A local travel services company just took a step forward onto the global scene.
Buffalo-headquartered Travel Team has acquired three Florida-based travel agencies -- a move expected to propel the company into the ranks of the Top 15 largest travel management companies in the country.
"We're not just a regional player anymore, we're a multinational player," said Jean McDonnell Covelli, president of Travel Team. "To have a locally headquartered company in a global market speaks volumes about how well represented Buffalo will be."
The company acquired Adventure Travel, Carefree Travel and Millennium Travel. Terms were not disclosed.
All 30 Tampa Bay employees will remain on, in addition to the company's 110 employees in Buffalo, Jamestown, Albany and Pennsylvania.
"Once we emerge on the other side of this unprecedented financial crisis, we believe there is great opportunity to expand employment in Buffalo and Tampa," she said.
Covelli said the Tampa Bay area is a critical gateway to the Latin American market, an emerging destination in both corporate and leisure travel.
Travel Team, owned by Rich Products Corp., coordinates corporate and leisure travel and provides event planning services. Travel Team is currently ranked by Business Travel News as the 26th largest travel management company in the nation.