Sterling Relocation Limited has been acquired by UniGroup Inc.
The shareholders of Sterling Relocation Limited (Sterling), Europe’s largest independent moving and relocation business, have sold the company to UniGroup Inc., a US$1.7 billion US-based global leader in transportation and relocation services. Financial details of this transaction have not been disclosed.
Founded in 1991, Sterling is a provider of global relocation services to some of the world’s leading companies. Through their service delivery hubs in EMEA, the Americas and Asia Pacific, the company helps clients achieve their business goals by alleviating workforce mobility challenges.
Based in St Louis (MI), UniGroup is the parent company of United Van Lines, the nation’s leading corporate mover, and Mayflower Transit, the most well-known name in the moving industry. It is also the parent company of UniGroup Relocation, UniGroup Logistics and other transportation related companies including Allegiant Move Management.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
Talk to the deal team
Related deals
Largest AIM IPO in the business support services sector over the past five years has been completed
MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.
Learn morePredatech Limited has been acquired by Ekco Group
UK-based cybersecurity consultancy Predatech Limited has been acquired by Ekco Group.
Learn moreManolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn more