H.I.S. Co completed the acquisition of a 89.9% stake in Merit Travel Group.

H.I.S. Co, a travel and hospitality company, completed the acquisition of a 89.9% stake in Merit Travel Group, a travel agency. Financial terms were not disclosed. “Merit has been a leader in the Canadian travel industry for more than 25 years, and in this time has developed a strong portfolio of brands focused on the wholesale and retail specialty leisure travel market, corporate travel management and loyalty program travel services. The agreement with H.I.S. Travel provides our company with the resources required to compete and win in the global travel business, while extending the Merit Travel brand around the world,” Michael Merrithew, Merit Founder.