CHEYENNE, Wyo. - SafeCard Services Inc. said it completed the previously announced acquisition of National Leisure Group, a retailer of vacation travel packages and services to credit card companies, brand-name retailers, and wholesale clubs.

The price was $14.5 million in cash and up to $5.5 million in additional considerations - including restricted stock - based on performance and other conditions.

National Leisure Group, based in Boston, will operate as a SafeCard business unit with Joel Cutler remaining as president and reporting to John R. Birk, president and chief operating officer of SafeCard Services.

Co-founder David Fialkow will continue in his role as a consultant to the travel company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.