SIRVA, Inc. Acquires Cartus' Relocation Business from Realogy
November 7, 2019
SIRVA, Inc. entered into a definitive agreement to acquire the relocation assets of Cartus from Realogy Holdings Corp.; the deal excludes Cartus' Affinity and Broker Services businesses and was expected to close in the first half of 2020 pending approvals. The acquisition expands SIRVA's global relocation and moving capabilities, combining technology, broker networks and household goods capacity to enhance service and scale for corporate clients and relocating employees.
- Buyers
- SIRVA, Inc.
- Targets
- Cartus (Relocation business / relocation assets)
- Sellers
- Realogy Holdings Corp.
- Industry
- Logistics & Distribution
- Location
- Connecticut, United States
- Transaction Type
- Divestiture
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