Bringing together best-in-class product offerings, technology solutions and a global footprint to deliver an unparalleled customer experience
OAKBROOK TERRACE, Ill. and BURR RIDGE, Ill., May 6, 2022 /PRNewswire/ — SIRVA, Inc. (“SIRVA”) and BGRS, the world’s leading relocation and moving providers, today announced that they have entered into a definitive agreement to combine into a new organization initially named SIRVA BGRS, Inc. (“SIRVA BGR”). The transaction is expected to close within the next 90 days and is subject to regulatory approvals.
Bringing together two of the world’s leading relocation companies, the combined company will provide unparalleled support to clients through:
- Diversified product offerings and robust technological solutions. Customers will benefit from access to the broadest range of relocation service and household goods options, industry-leading program flexibility, and cutting-edge technology solutions.
- Expanded global presence and talent pool infused with mobility expertise. SIRVA BGRS’ global footprint will include 4,000 employees across 66 offices in more than 170 countries, providing extensive local coverage and giving customers exposure to a larger combined supply chain, the increased scale of which will help create efficiency in the market.
Tom Oberdorf, President and CEO of SIRVA, said, “This is a natural fit that allows us to meet the growing and evolving mobility needs of our customers around the world. We look forward to combining our complementary industry expertise, footprint and technology resources. to create a single entity with greater efficiency, scale and local experience, well positioned to shape the future of mobility and deliver greater value to customers.”
Traci MorrisCEO of BGRS, added, “SIRVA and BGRS have a common customer-centric approach that guides everything we do, and we are excited to join forces. Together, we will create a differentiated leader with a truly unique set of value-added products, dedicated resources to invest in technology innovation, and an unparalleled global footprint.”
The combined company will be headquartered in the Chicago areaand Tom Oberdorf will serve as general manager. Traci Morris will retire after a successful transition period.
Following the closing of the transaction, the current owners of SIRVA and BGRS, the funds managed by Madison Dearborn Partners, LLC and Relo Group, Inc., respectively, will retain interests in the new organization.
Kirkland and Ellis, LLP is legal counsel to SIRVA. Robert W. Baird & Co. Incorporated is acting as financial advisor to BGRS, and Mori Hamada & Matsumoto, and Davis Polk & Wardwell LLP are acting as legal advisors.
About SIRVA, Inc.
SIRVA is a global leader in moving and relocation services, providing solutions for mobility programs to businesses of all sizes. With 59 owned locations and more than 1,000 franchise and agent locations serving 177 countries, we offer unparalleled global reach backed by localized attention and innovative technology that strikes the right balance between self-service and human assistance. From relocation and household goods to commercial moving and storage, our portfolio of brands (SIRVA, Allied, North American, SIRVA Mortgage and SMARTBOX) provide the only integrated moving/relocation solution in the industry. By leveraging our global network, we provide a superior experience that only a “one stop shop” can provide.
BGRS develops and implements comprehensive mobility solutions for businesses and governments around the world. By combining deep industry experience and unparalleled insights into the future of mobility, we design products (BGRSflex™, TripWise™) and administer programs that align with the organizational and talent needs of our customers. and reflect our focus on a customer experience that includes the choice and flexibility required for today’s global talent. With more than 1,300 people on six continents and service coverage in 185 countries, we combine global perspective with local market strength.
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