O’Melveny Advises Relocity on Investment from Crest Rock Partners

FOR IMMEDIATE RELEASE

SILICON VALLEY—April 9, 2024—O’Melveny suggested Relocity, a number one relocation software program and tech-enabled providers supplier, on its strategic progress funding from Crest Rock Companions, a Denver-based non-public fairness agency investing in software program, know-how, providers, and manufacturing companies.

The transaction was introduced on April 8. 

Based in 2016 and headquartered in Los Angeles, CA, Relocity supplies relocation software program options and tech-enabled vacation spot providers to enhance the cellular worker expertise.

The O’Melveny staff advising Relocity was led by Silicon Valley M&A companion David Makarechian, head of the agency’s Rising Applied sciences Group, companions Robert Fisher and Ashwin Gokhale, counsel Christian Coyne, and associates Amit Itai and Christina Meng. 

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Contact:

Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
[email protected]

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Relocity issued the next announcement: 

Relocity to speed up enterprise progress with funding from Crest Rock Companions

LOS ANGELES, April 8, 2024 – Relocity (“Relocity” or the “Firm”), a number one relocation software program and tech-enabled providers supplier, at the moment introduced a strategic progress funding from Crest Rock Companions (“Crest Rock”), a Denver-based non-public fairness agency investing in software program, know-how, providers, and manufacturing companies. Crest Rock’s funding marks a pivotal step ahead in Relocity’s progress trajectory. Relocity’s founder and government staff invested alongside Crest Rock and can proceed to advance the Firm’s mission of reimagining the worldwide mobility expertise.

With this funding, Relocity will speed up product improvement on its revolutionary resolution portfolio to enhance and streamline the worker relocation course of globally, leveraging Crest Rock’s experience and operational sources. The Firm intends to increase its geographic attain whereas persevering with to evolve its modern platform with further options, integrations, analytics, and AI-driven capabilities to scale its digital transformation options for the worldwide mobility business. Relocity’s strong companion community of relocation administration corporations (“RMC”) and know-how companions will proceed to work in tandem to enhance the company relocation expertise for cellular staff globally. 

Based in 2016 and headquartered in Los Angeles, CA, Relocity supplies relocation software program options and tech-enabled vacation spot providers to enhance the cellular worker expertise. Relocity’s workforce mobility platform and app-based options redefine how transferees handle their strikes, whereas additionally offering priceless information and insights to company mobility leaders and their RMC companions. Via its strong portfolio of transferee-centric relocation options, Relocity helps and streamlines all varieties of company relocations and mobility methods – from totally managed strikes to lump sum strikes. Relocity’s technical experience and customized transfer experiences have created a loyal following of company shoppers and RMC companions that proceed to increase over time. 

Relocity makes a speciality of connecting cellular expertise to new communities by means of customized experiences pushed by intuitive cellular know-how, native consultants, and versatile service choices. Via Relocity Concierge, the Firm’s tailor-made, white-glove providers enabled with best-in-class know-how, Relocity is a number one international vacation spot providers supplier in 40+ markets for Fortune 500 corporations. Relocity Information, a next-gen know-how resolution that enhances Responsibility of Take care of interns and lump sum transferees, affords AI-backed, customized relocation experiences through a self-guided native cellular app, that includes digital neighborhood excursions, interactive maps, and entry to Relocity’s market with provider reductions. The Firm’s newest resolution, Relocity One, the business’s first mobility tremendous app, permits staff, company mobility leaders, and RMC companions to streamline international mobility packages and provider networks in a single customizable platform. Along with offering a single supply of reality for cellular staff, Relocity One unlocks productiveness and value financial savings for each company shoppers and their RMC companions. 

“We’re thrilled to companion with Crest Rock Companions as we embark on this thrilling part of progress,” stated Klaus Siegmann, founder & CEO at Relocity. “Crest Rock’s funding not solely validates our imaginative and prescient and technique but additionally empowers us to execute on our bold objectives and solidify our place as a pacesetter within the international mobility business for cellular worker experiences. As company mobility packages proceed to evolve on this new working paradigm, we’ve by no means been extra excited to be supporting and enabling our company and RMC companions by means of this business evolution.”

Crest Rock’s funding in Relocity underscores Crest Rock’s dedication to partnering with high-potential corporations and fueling their growth and success. “Relocity’s main mobility platform, mixed with its relentless dedication to its prospects, has allowed the Firm to ship distinctive software program and providers to company transferees world wide” commented Jeff Carnes, co-founder and Companion at Crest Rock. “Within the midst of a transformative part within the relocation business, no different firm supplies the extent of professionalism and revolutionary options to its prospects and RMC companions that Relocity does. We’re excited to companion with Klaus and the broader staff at Relocity to help their mission of constructing the way forward for international mobility.” 

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About Relocity:

Based in 2016 and headquartered in Los Angeles, CA, Relocity is reimagining the worldwide mobility expertise. We allow enterprises to draw, retain, and interact expertise globally by means of our distinctive mix of mobility software program options and high-touch vacation spot providers. Our customized digital transferee expertise accommodates all cellular expertise and is enabled by means of our AI-driven native cellular app and workforce mobility platform. Our core values drive us to give attention to our prospects, innovation, integrity, and excellence. Relocity serves 1000’s of cities throughout the USA, Europe, Asia, and Australia. Study extra at www.relocity.com.

About Crest Rock Companions:

Crest Rock Companions is a Denver-based non-public fairness agency targeted on the decrease center market. Based in 2019, the agency seeks funding alternatives the place it might leverage its principals’ intensive working and investing expertise to assist corporations execute their strategic progress initiatives. Via the staff’s completion of over 60 acquisitions, divestitures, mergers, and integrations, Crest Rock has developed a differentiated funding course of and partnership method, working with administration, founders, and different shareholders to determine alignment and obtain mutual targets. Crest Rock targets management investments throughout a number of business verticals, together with software program, know-how, IT providers, tech-enabled enterprise providers, manufacturing, and industrial providers. For extra details about Crest Rock, please go to www.crestrockpartners.com.

Media Contacts: 

Relocity Advertising and marketing Communications
1-855-RELOCITY
[email protected]

Michelle Eidson
Principal, Head of Enterprise Improvement
[email protected]