|
(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.
|