FRIDAY, 27 MAY 2011
All-Connect and Gates America are pleased to announce that they have entered into a joint venture agreement. Terms of the strategic alliance will allow both companies to work together in a common environment to share its assets, technology, intellectual properties and resources.
This joint venture was effective March 1, 2011 and has allowed both parties to leverage their respective strengths and work seamlessly towards greater market presence and improved customer offerings.
The merger went very smoothly. Regular business is being conducted as usual, and both parties are content with the outcome. We appreciate everyone’s support and if you have any further questions, please do not hesitate to contact us at any time.
---OFFICIAL ACQUISITION ANNOUNCEMENT
Strategic Acquisition Completed
TSI Group Inc. in an advisory partnership with DF Marketing Group are pleased to announce the closing of the following transaction, the acquisition of Gates America Freight Forwarders Inc. Brampton, Ontario, by All-Connect Logistical Services Inc. Oakville, Ontario.
TSI President and CEO, Pamela Ruebusch, and David Firman, DF Marketing Group, acted on behalf of Gates America in the divestiture of the company.
Both transportation firms are specialists in the non asset, and light asset based logistics sector, with services ranging throughout North America.
This acquisition by All-Connect Logistical Services Inc. creates a partnership that is part of an overall growth strategy identified by All-Connect President, Ian Smith.
Terms of the transaction have not been disclosed.
DF Marketing Group
TSI Group Inc.