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Announced

SIRVA to merge with BGRS.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Pending

Private Equity

Acquisition

Friendly

Merger

Private

Single Bidder

Domestic

talent development

supply chain management

mobility management services

Consumer Services: Other

United States

Synopsis

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SIRVA, a provider of moving and relocation services, agreed to merge with BGRS, a global relocation and moving providers. The combined company will be named SIRVA BGRS. Madison Dearborn Partners and Relo Group will maintain interests in the new organization. Financial terms were not disclosed. "This is a natural combination that allows us to meet the expanding and evolving mobility needs of our clients around the world. We look forward to combining our complementary industry expertise, footprint, and technological 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," Tom Oberdorf, SIRVA Chairman and CEO.

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