John Hays said: "Our staff were devastated to hear about Thomas Cook and we all immediately felt we wanted to help".
Travel agent Hays Travel, which is mostly based in northern England, announced in a statement that it has acquired the branch portfolio from the official liquidator for an undisclosed sum.
Hays Travel is among the UK's largest independent travel agencies.
It seems that ABTA's prayers have been answered as the organisation wished for the skilled staff of Thomas Cook to be able to get back on their feet as soon as possible.
It emerged yesterday that plans are already underway by Hays Travel to open one of the former Thomas Cook stores in Bangor, Co Down.
Hays has already recruited 421 former Thomas Cook staff.
The Sunderland-based travel company has already taken on 421 members of Thomas Cook's 9,000 United Kingdom staff since it went out of business last month, and it is hoped the Channel Street outlet will now be in line to reopen.
Hays Travel, the United Kingdom booking agent that's buying 555 shops from Thomas Cook Group said the stores can turn profitable without the hefty airline costs that helped bring down the 178-year-old tour operator.
The move is expected to bring good news for more than 100 people who worked for Thomas Cook across 23 stores in Northern Ireland.
Wednesday's announcement was welcomed by the British government and travel industry trade union the Transport Salaried Staffs Association (TSSA).
David Chapman, director of the Official Receiver, remarked that the sale "represents an important step in the liquidation process, as we seek to realise the company's assets".
KPMG partner and joint special manager of Thomas Cook's retail division Jim Tucker said: "This is an extremely positive outcome, and we are delighted to have secured this agreement".
About 60 Thomas Cook shops in Scotland have been sold in a deal that could save hundreds of jobs.
Britain's government on Monday completed the country's biggest peacetime repatriation, returning 140,000 UK-based Thomas Cook customers stranded overseas by the company's bankruptcy.
It throws a lifeline to up to 2,500 redundant employees, many of whom worked for decades at the 178-year-old firm before it collapsed into insolvency last month.
The company's demise sparked 22,000 job losses worldwide.