Travel Leaders Group is acquiring Barrhead Travel Group in Scotland, which it says is one of the largest retail travel companies in the U.K.

The acquisition is expected to close in the first quarter. Financial terms were not disclosed.

According to Travel Leaders, Barrhead has some 75 locations and about 900 employees and agents. It will retain its brand and chief executive Sharon Munro will continue to lead the company. Barrhead's founder, Bill Munro -- Sharon Munro's father -- will serve as chairman of the Barrhead division. TLG said no major operation changes are expected.

Barrhead, founded in 1975, joins a number of other brands within TLG's U.K. portfolio, including Colletts Travel, Protravel International U.K. and Tzell U.K. TLG last year announced a merger with Altour, which also has a U.K. division that specializes in corporate and entertainment travel.

"We're excited about this chance to expand our presence in Scotland and the U.K. overall and the opportunities this affords both companies," Travel Leaders Group CEO Ninan Chacko said in a statement.

Sharon Munro said the acquisition will enable Barrhead to take advantage of Travel Leaders' technology and expand into new markets.

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