Travel Acquisitions Group merged with Tzell Travel Group

Formed in January when Carlson sold Carlson Leisure Group to CLG's management team, to create what they described as "North America's tenth largest travel company in terms of annual sales volume, and eighth largest after all travel franchise unit sales are included in the count." Terms were not disclosed. Tzell will continue to operate as a standalone entity, though executives plan to combine back-office systems to improve reporting and other functions. The enlarged company is exploring new acquisitions.