Founder Peter Cookson said the paperwork is expected to be signed and sealed on the purchase of the Broads Travel Group, which has two shops in Sutton Coldfield and Lichfield, on May 23.
A large separate business travel centre also comes as part of the package.
Once complete Spear Travels will consist of 15 trading divisions including 13 shops, homeworkers known as the Associates and the business travel centre.
Cookson said all staff will be retained and investment put into the shops and business centre which will retain their own branding.
