Deal Details

BGRS Combines with SIRVA

Technology & Services
Consumer

BGRS, a subsidiary of Relo, combination with SIRVA, a portfolio company of MDP

Summary

BGRS Group (“BGRS” or the “Company”), a subsidiary of Relo Group, Inc., (“Relo”), recently announced the combination with SIRVA Group (“SIRVA”), a portfolio company of private funds managed by Madison Dearborn Partners, LLC (“MDP”). The transaction is subject to customary closing conditions and regulatory approvals.

Baird served as the lead financial advisor to Relo Group, Inc. on this transaction.

About

BGRS develops and implements comprehensive mobility solutions for corporate and government clients worldwide. By combining deep industry experience and unparalleled insights on the future of mobility, BGRS designs and administers programs that align with clients' organizational, and talent needs and reflect the focus on a customer experience that includes the choice and flexibility required for today's global talent. With more than 1,300 people across six continents, and service coverage in 185 countries, the Company blends global perspective with local market strength.

Relo Group, based in Tokyo, Japan, has a more than 30 year’s history of offering premier relocation services. Relo Group also provides comprehensive fringe benefit programs, ranging from housing to leisure and lifestyle improvement.

SIRVA is a global leader in moving and relocation services, offering solutions for mobility programs to companies of every size. With 59 owned locations and more than 1,000 franchised and agent locations servicing 177 countries, SIRVA offers unmatched global breadth supported by localized attention and innovative technology that strikes the right balance of self service and human support. From relocation and household goods to commercial moving and storage, the portfolio of Brands (SIRVA, Allied, North American, SIRVA Mortgage and SMARTBOX) provides the only integrated moving / relocation solution in the industry. By leveraging the Company’s global network, they deliver a superior experience that only a "one-stop shop" can provide.

MDP is a leading private equity investment firm based in Chicago, Illinois. Since MDP’s formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services.

Technology & Services
Consumer

BGRS, a subsidiary of Relo, combination with SIRVA, a portfolio company of MDP

Date: May 2022
Company: BGRS Group
Transaction: M&A - Sellside
Sectors: Technology & Services
Consumer
Verticals: Multi-Unit, Restaurants & Franchising
Facility, Industrial, Residential & Environmental Services
Target Geography: North America
Acquiror Geography: Asia