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| From left, Kimberly Wilson Wetty, Jennifer Wilson-Buttigieg, Brian Buttigieg, Valerie Wilson, Richard Leibman, Lara Leibman and Bryan Leibman. Consolidation among travel agencies was heating up even before the pandemic. And now, more than a year into the Covid-19 crisis, with margins stretched thin, cash in short supply and buyers and sellers both looking to strengthen their competitive positions through mergers, it has become an active marketplace for agencies that have the capital and drive to grow through acquisitions. Last week, two major acquisitions were announced. Frosch International Travel (No. 14 on Travel Weekly s 2020 Power List) acquired Valerie Wilson Travel (No. 36). Additionally, American Express Global Business Travel (GBT, No. 3) said it plans to acquire Egencia, the corporate-travel arm of No. 1 Expedia Group, pending regulatory approvals. ....