Lexicon Relocation announces acquisition of Sterling Mobility

Lexicon Relocation, a wholly-owned subsidiary of The Suddath Companies, announced it has acquired UK-based Sterling Mobility. The binding agreement was signed earlier this week, with final closing targeted for early May.

Ruth Holmes

26 April 2018

Lexicon Relocation says its acquisition of Sterling Mobility will deliver an expanded global footprint to serve growing and changing customer needs in the global mobility space.US-headquartered Lexicon Relocation offers a range of services includes relocation consulting, assignment management, expense management, immigration, destination and supply chain management, and related services, while Sterling has operations in locations that include London, Madrid, Paris, Geneva, Frankfurt, Cape Town, Singapore, Hong Kong, New Delhi and the United States.

Expanding global reach

In its announcement, Lexicon pledges that the partnership with Sterling customers will bring a "broadened global reach, together with industry leading technology, expanded service offerings and resources, and international move management leadership."Together, the two companies are set to combine to provide more than 32,000 annual global relocations with 15 regional offices and more than 1,500 supply chain partners serving 180 countries around the world.

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Partnership will bring 'scale and depth'

“This acquisition is mutually beneficial, expanding global coverage and helping us better serve the evolving needs of our customers in increasingly-complex international relocation space,” said Michael Brannigan, president and CEO of The Suddath Companies.“Sterling complements our expertise in move management and global assignment management, bringing us additional scale and depth, while extending our breadth of service offerings for Destination Service Provider (DSP) management, global expense management, and immigration and compliance. Together, we strengthen our collective market presence and are able to have full oversight to our end customers within the global mobility space.”

Complementary cultures

Jason Mills, COO of Sterling added, “In addition to providing our clients with an expanded footprint and strong capability in the US market, Lexicon is the perfect cultural fit for Sterling. Lexicon shares our same commitment to delivering quality service and providing flexible, customised solutions for our clients.”

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