Traffic Tech Inc, a North American logistics company with services throughout the Americas and the Pacific Rim, is pleased to announce the upcoming acquisition of 4 Elements, Inc., a US logistics company offering Truck-Load, LTL and Intermodal services to its US customers. Traffic Tech recently made a limited investment in 4 Elements and the acquisition is expected to close on or before September 1, 2010.
Brian Arnott, Chairman of Traffic Tech says "I am proud to announce this agreement and welcome the employees and customers of 4 Elements to the Traffic Tech family. We look forward to the additions to our existing office network of a number of new US cities as well as adding International services, Canadian Trans-border and Intra-Canada to the existing US offerings of 4 Elements. We anticipate no changes to the 4 Elements service teams and foresee development throughout the expanded US operation. We have built Traffic Tech since 1986 to offer the highest level of customer service coupled with a true partnership with our supplier base and we strongly believe that 4 Elements also embraces that philosophy ".
On behalf of Capital Advisors, LLC., the advisor to the majority shareholder of 4 Elements, Adam Benowitz says "We are pleased to have reached this agreement with Traffic Tech. This represents the logical next step in the development of 4 Elements, its service teams and customer service. As a well established North American logistics company, Traffic Tech adds a significant scope of service and depth of where-with-all that will be of great value to 4 Elements customers, vendors and employees. We remain involved in this venture and look forward to working with Traffic Tech".