MORRIS PLAINS, NJ, May 7, 2018 – Weichert Workforce Mobility Inc. today announced that it has acquired TheMIGroup, a leading relocation service provider with offices throughout the world. This acquisition strengthens Weichert’s status as the industry’s largest independently-owned relocation management company, uniquely positioned to address the growing need among today’s companies for flexible and innovative talent mobility solutions.
“As independent, privately-held companies since inception, both Weichert and TheMIGroup have fostered client-centric cultures where leaders are empowered to collaborate, innovate and pursue long-term visions without layers of bureaucracy or shareholder interference,” said Dave Bencivengo, President of Weichert Workforce Mobility. “By bringing these companies together, we are furthering our commitment to the industry, creating the provider-of-choice for organizations seeking robust global capabilities delivered with unmatched flexibility and highly personalized, Legendary Service experiences.”
The acquisition combines two companies with deep expertise in international and domestic mobility to present a broader menu of global mobility solutions to clients, enhanced by unique strengths such as Weichert’s expansive in-house capabilities, which include expatriate tax services and global assignment management, and TheMIGroup’s extensive household goods shipping and freight-forwarding acumen.
“This acquisition and merger of two industry leaders allows our combined companies and colleague bases to deliver a strong and distinct value proposition to the marketplace,” said Aram Minnetian, Chief Operating Officer of the Weichert Companies. “We are the only supplier that will be able to provide an integrated residential real estate, global relocation and household goods solution under the same brand. This is a game-changer for companies seeking a state-of-the-art, holistic solution for their mobility programs.”
“Both companies are models of stability in an otherwise unpredictable industry with a combined 90 years of business experience—50 for Weichert and 40 for TheMIGroup,” said Minnetian. “Combined, our company will manage over 40,000 transactions each year, giving us greater volume leverage and cost control, not to mention deeper insight into program and policy data, to help our clients navigate tomorrow’s talent mobility challenges.”
The deal expands Weichert’s physical presence, with new offices in the EMEA and Asia Pacific regions providing broader resources to local clients and bringing deeper insights to regional trends and practices. It also fortifies Weichert’s long-standing commitment to Canada, where TheMIGroup’s Toronto, Calgary and Vancouver offices position the combined company as the undisputed market leader.
The strong alignment and compatibility between both companies’ cultures and values will facilitate a smooth integration. The acquisition will also bring new opportunities for employees of both companies.
“Our merger with Weichert reflects the tremendous value TheMIGroup has generated for our clients and especially our employees, who will experience greater development and career opportunities as members of a larger, more diverse organization with a dedicated Talent Management discipline,” said Rick Bennett, Chairman & CEO of TheMIGroup. “We’re excited to advance our collective vision as part of Weichert, and we feel that this decision is in the best interest of all of TheMIGroup’s stakeholders.”
“Today, the most critical tool for any company looking to achieve its growth vision is an agile mobile workforce,” said Bencivengo. “This acquisition gives Weichert the service depth and resources to help clients leverage their mobile talent to succeed anywhere in the world. It’s an exciting strategic step in the managed growth of our company and the expansion of our global service delivery platform.”