Roland Park Travel is purchasing Bennett World Travel, a 12-year-old independently owned Ellicott City agency, in a deal that will make the North Baltimore company one of the largest independent, leisure travel agencies in the Baltimore area.
The acquisition, expected to be completed within a week, will give Roland Park Travel annual sales of more than $12 million.
Bennett World Travel, like its buyer, specializes in leisure travel, with 70 percent of its business concentrated there and the remainder in corporate accounts.
Bennett, which employs 23 workers, has been owned by Tom and Kay Bennett of Ellicott City since 1984. The agency, on Route 40 near Rogers Avenue, has handled the Howard County government's travel business for three years.
The purchase represents the first expansion by Roland Park, a 12-year-old agency located in Wyndhurst Village in Roland Park.
"I think there's a wonderful opportunity in Howard County with sophisticated travelers," said Kevin Abell, president of Roland Park Travel. "Clearly, they're a high-quality agency."
Since Abell bought the agency in 1991, Roland Park Travel's annual sales have more than doubled, from $3 million to $6.5 million, he said. He did not disclose the purchase price for Bennett World Travel.
The acquisition includes Bennett's travel agent school, which offers a 10-week training course. The combined companies will employ more than 60 full- and part-time workers.
Pub Date: 8/17/96