Minneapolis-based Schilling Travel has acquired Coon Rapids, Minnesota-based Riverdale Travel to form a company representing more than $20 million in travel sales.
The combined entity will be part of parent company and privately-held Allied Continental Holdings. According to a press statement, the Riverdale Travel acquisition is part of a strategic plan to “acquire and integrate travel agencies throughout the Midwest.”
Riverdale Travel President Sandy Anderson will serve as President of the travel agency operations, and Brenda Nobbe of Riverdale will be a vice president. Amy Ferreira of Allied Continental Holdings will serve as a non-operating partner, and Schilling Travel President Robert Herman will serve as managing partner for Allied Continental Holdings.
Riverdale Travel opened in 1986, with Sandy Anderson and her mother Carol at the helm. Anderson is a member of the Travel Market Report Advisory Board.
The two agencies will continue operating under their distinct names after the close of the sale, which is expected by July 2. The two agencies did not disclose terms of the agreement.
Herman said it’s Allied Continental’s intention to “dramatically grow our travel agency operations.”