Vision Travel Solutions has purchased a controlling interest in Voyages Groupe Ideal, one of Quebec’s largest independent travel agencies.
Voyages Groupe Ideal was established in 1989 and for more than 25 years has been a major player in the corporate and leisure sector, especially in the luxury travel segment.
Vision says all 55 team members will remain in place following the acquisition. The company will operate as “ideal” - a division of Vision Travel Solutions.
Vision Travel President Joel Ostrov made the announcement in Montreal. “This acquisition is an important step for our company in reaching its goal of becoming a 1 billion dollar company by 2018. Voyages Groupe Ideal shares our customer service philosophy, and by acquiring a majority of their shares, we are increasing our visibility in the Quebec market while strengthening our position with our suppliers,” Ostrov says. “Adding Ideal to the Vision family in a similar way that we added New Wave Travel to our family in Toronto last year will further raise our company’s profile as Canada’s leading Travel Management Company.”
Industry veterans Nadia Giudice, Shelley Fisher and Lisa Stotland will remain as significant shareholders and will assume new roles as Vice Presidents of the “ideal” division of Vision Travel.
“Vision is well-respected in the industry and this acquisition will offer greater access to the latest technology for our agents and our clients,” says Giudice. “As a whole, there will be all-around economies of scale, and uniting the 2 entities will help solidify stronger relations with Vision’s Preferred Suppliers.”