RALEIGH, N.C. -- Maupin Travel Cos., a 22-year-old travel
management firm based here, acquired local competitor International
Travel Group (ITG).
The acquisition is Maupin's third in four years.
ITG, one of Raleigh's oldest travel agencies, was founded in
1972 and generated sales revenues in excess of $10 million.
According to Tony Maupin, president and founder of Maupin
Travel, "The acquisition will expand our rapidly growing meeting
and groups division while enabling us to leverage additional buying
power for our clients."
Maupin Travel, which manages corporate travel for more than 300
local and regional companies, has five locations in Raleigh and
Cary, N.C., and sales revenues of more than $25 million.