SIRVA to merge with BGRS.

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.