Lexicon Relocation Acquires UK-Based Sterling Mobility
Mutually-beneficial acquisition expands global footprint and customer service offering in the global mobility space
JACKSONVILLE, Fla., April 25, 2018 — Lexicon® Relocation, a wholly-owned subsidiary of The Suddath Companies, is pleased to announce that it has acquired U.K.-based Sterling Mobility. The binding agreement was signed April 23, 2018, with final closing targeted for early May.
The acquisition of Sterling Mobility provides Lexicon Relocation with an expanded global footprint to serve the growing and changing customer needs in the global mobility space, which includes relocation consulting, assignment management, expense management, immigration, destination and supply chain management, and several other related services. Lexicon brings Sterling customers a broadened global reach, together with industry leading technology, expanded service offerings and resources, and international move management leadership.
Lexicon Relocation and Sterling Mobility will 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. Sterling operating locations include London, Madrid, Paris, Geneva, Frankfurt, Cape Town, Singapore, Hong Kong, New Delhi and the United States.
“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.”
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, customized solutions for our clients.”