RADIUS Travel and Transport Announces the Acquisition of Abacus Travel, Inc.

 

(Omaha, NE, January 2, 2008) – RADIUS Travel and Transport today announced the acquisition of Abacus Travel, Inc. headquartered in the Greater Boston area with office locations in Peabody, MA, Plainville, MA, Worcester, MA and Manchester, NH.

Abacus Travel was founded in 1985 and is a leading corporate travel management company servicing more than 450 businesses in the U.S. As a $100 million company, their 100 employees are exclusively focused on business travel growth and are dedicated to one-on-one traveler service and a commitment to achieving 100% client satisfaction. In a joint statement, Marla Huntley, President of Abacus Travel and Allan Huntley, CEO said, “For over 20 years, we have watched our company grow through developing client relationships that truly set us apart in the market place. Knowing RADIUS Travel and Transport and understanding that their belief system mirrors that of Abacus Travel, gives us the confidence that they will continue to be a driving force in the travel industry as a company that puts their customers’ interests at the forefront.” Both Allan and Marla will serve as consultants to RADIUS Travel and Transport during the acquisition process.

For over five years, RADIUS Travel and Transport has developed corporate partnerships with many notable clients in the Boston market. This acquisition will allow RADIUS Travel and Transport to have a stronger East coast presence. “We are very excited about having a brick and mortar location in the Boston area to help support our many on-site locations," said Bill Tech, President and CEO, RADIUS Travel and Transport. As the largest single shareholder of RADIUS – the global travel company, RADIUS Travel and Transport also felt that growing the company through this acquisition allows for greater global reach. “Boston is a significant global marketplace that lends itself well for growth in foreign markets. With the recent financial investment that we have made in the RADIUS organization, we intend to expand our services throughout the world. Having a local presence in Boston will allow for successful global development,” Tech said.

RADIUS Travel and Transport will make the acquisition a virtually seamless process for Abacus Travel. At the completion of the acquisition, Abacus Travel will assume the Travel and Transport name.

RADIUS Travel and Transport, Inc., a 100% employee-owned company headquartered in Omaha, Nebraska, was founded in 1946 and currently has locations in 25 states.

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