LOS ANGELES, April 8, 2024 – Relocity, a cutting-edge provider of relocation software and tech-enabled services, has announced a significant strategic growth investment from Crest Rock Partners, a leading private equity firm based in Denver. This investment from Crest Rock Partners marks a pivotal moment for Relocity, setting the stage for accelerated product development and expanded market reach within the global mobility industry. Relocity’s founder and executive team will continue to drive the company’s vision forward, partnering with Crest Rock Partners to enhance the employee relocation experience worldwide.
This strategic alliance with Crest Rock Partners will empower Relocity to expedite the evolution of its innovative solution portfolio. The focus will be on streamlining and improving the employee relocation journey on a global scale. By leveraging the deep industry expertise and operational resources of Crest Rock Partners, Relocity is poised to expand its geographic footprint and further develop its advanced platform. Anticipated enhancements include new features, seamless integrations, sophisticated analytics, and the incorporation of AI-driven capabilities, all designed to scale digital transformation solutions for the ever-evolving global mobility sector. Relocity remains committed to its robust network of relocation management companies (RMCs) and technology partners, recognizing their crucial role in elevating the corporate relocation experience for employees relocating across the globe.
Established in 2016 and headquartered in Los Angeles, California, Relocity has rapidly become a leader in providing relocation software solutions and tech-enabled destination services. The company’s mission is centered on enhancing the experience for mobile employees. Relocity’s comprehensive workforce mobility platform and user-friendly app-based solutions are transforming how transferees manage their relocations, while simultaneously providing invaluable data and insights to corporate mobility leaders and their RMC partners. Relocity’s suite of transferee-centric relocation solutions is designed to support and simplify all facets of corporate relocations and mobility strategies, accommodating everything from fully managed moves to lump sum relocations. The combination of Relocity’s technical prowess and commitment to personalized move experiences has cultivated a strong and growing base of loyal corporate clients and RMC partners.
Relocity’s core strength lies in its ability to connect mobile talent with new communities through personalized experiences. This is achieved through intuitive mobile technology, the expertise of local specialists, and adaptable service offerings. Relocity Concierge, the company’s flagship tailored, white-glove service, is powered by best-in-class technology and has established Relocity as a premier global destination services provider in over 40 markets, serving Fortune 500 companies. Relocity Guide, a next-generation technology solution, elevates Duty of Care for interns and lump sum transferees. It delivers AI-backed, personalized relocation experiences via a self-guided native mobile app, featuring virtual neighborhood tours, interactive maps, and access to Relocity’s marketplace with exclusive supplier discounts. Relocity One, the company’s latest innovation, is the industry’s first mobility super app. This groundbreaking platform empowers employees, corporate mobility leaders, and RMC partners to streamline global mobility programs and manage supplier networks within a single, customizable environment. Beyond providing a central point of truth for mobile employees, Relocity One unlocks significant productivity gains and cost savings for both corporate clients and their RMC partners.
“We are excited to be partnering with Crest Rock Partners as Relocity enters this dynamic phase of expansion,” stated Klaus Siegmann, Founder & CEO of Relocity. “The investment from Crest Rock Partners is a powerful validation of our vision and strategic direction. It provides us with the resources to aggressively pursue our ambitious objectives and reinforce our leadership position in the global mobility industry, specifically in enhancing mobile employee experiences. As corporate mobility programs continue to adapt to the evolving modern work landscape, we are more enthusiastic than ever to support our corporate and RMC partners through this industry transformation.”
Crest Rock Partners‘ investment in Relocity underscores their strategic focus on partnering with high-growth potential companies and fueling their continued success. “Relocity’s market-leading mobility platform, coupled with their unwavering commitment to customer satisfaction, has enabled them to deliver exceptional software and services to corporate transferees worldwide,” commented Jeff Carnes, Co-founder and Partner at Crest Rock Partners. “In a relocation industry undergoing significant transformation, Relocity stands out by providing an unparalleled level of professionalism and innovative solutions to its clients and RMC partners. We are thrilled to collaborate with Klaus and the entire Relocity team to support their mission of shaping the future of global mobility.”
About Relocity:
Founded in 2016 and based in Los Angeles, CA, Relocity is revolutionizing the global mobility experience. Relocity empowers businesses to attract, retain, and engage top talent on a global scale by offering a unique combination of mobility software solutions and high-touch destination services. Their personalized digital transferee experience is designed to accommodate all mobile talent and is facilitated through their AI-driven native mobile app and comprehensive workforce mobility platform. Relocity’s core values are centered around a deep commitment to customers, continuous innovation, unwavering integrity, and a pursuit of excellence. Relocity’s services extend across thousands of cities throughout the United States, Europe, Asia, and Australia. For further information, please visit www.relocity.com.
About Crest Rock Partners:
Crest Rock Partners is a private equity firm located in Denver, Colorado, specializing in investments within the lower middle market. Established in 2019, Crest Rock Partners actively seeks investment opportunities where their principals’ extensive operational and investment experience can be leveraged to assist companies in achieving their strategic growth initiatives. With a track record that includes over 60 acquisitions, divestitures, mergers, and integrations, the Crest Rock Partners team has developed a distinctive investment process and partnership approach. They prioritize collaboration with management teams, founders, and other stakeholders to foster alignment and achieve shared objectives. Crest Rock Partners targets control investments across a diverse range of industry verticals, including software, technology, IT services, tech-enabled business services, manufacturing, and industrial services. To discover more about Crest Rock Partners, please visit www.crestrockpartners.com.
Media Contacts:
Relocity Marketing Communications
1-855-RELOCITY
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Michelle Eidson
Principal, Head of Business Development
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