JG Travel Group (JGTG), the group tour specialist that exclusively provides coach holidays in association with the National Trust, has acquired Omega Holidays Group (OHG) to create a group with a turnover of more than £35 million.
The acquisition for Cheltenham-based JGTG, formerly Just Go! Holidays, is backed by Kings Park Capital private equity firm, and puts Omega Holidays and Cruise Connections in the same portfolio as Just Go! Holidays and Albion Journeys.
These brands focus on travellers aged between 60 and 80. The extended range of products will include door-to-door coach tours, short breaks, cruises, JGTG’s coach holidays in association with the National Trust and Historic Houses Association and OHG’s European air holidays and air charters.
OHG is the first of a number of planned acquisitions and JGTG is set to continue expanding through acquisition into 2020 and beyond.
Luis Arteaga, group chairman and chief executive of JGTG, said: “The combination of these two significant businesses will offer customers a wide range of unique, experiential holidays at value prices and marks the initial step in the development and growth of the ambitious JG Travel Group.”
Nigel Adams, former owner of OHG, who becomes commercial director of JGTG, and remains director of Omega and Cruise Connections, added: “JGTG offers great products at value prices and always puts its customers first. We believe these core values are shared by the Omega family of brands. Together we will offer significant value to an expanded customer base and we look forward to the exciting future growth plans.”
Dino Toouli, head of trade sales at Omega Holidays, said: “We are thrilled about this enlarged travel group that will be able to offer a wider range of great-value products to our retail customers. Commitment to our retail partners remains strong and we look forward to building this growing travel brand with their support.”