CWT buys Canadian franchisee
Carlson Wagonlit Travel has signed a definitive agreement and acquired the travel operations of its CWT franchisee in Ontario.
Madison Travel, based in Ottawa, joined CWT as an associate franchisee and has operated as CWT Madison Travel for almost 10 years.
CWT said the acquisition is in line with its ongoing growth strategy, which “includes targeted acquisitions, as well as strong sales to new and existing clientsâ€.
Sandra Granatstein, outgoing owner of CWT Madison Travel, said the timing was right for the company and its clients.
“After 32 years in the travel industry, I am ready to take on new challenges and enter a new phase in my life,†she said.
She will continue to support the business in a consulting capacity. By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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