Industry News

Weichert acquires relocation services company

Company offers services to government, corporate clients

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Weichert Companies has acquired a relocation company that was owned by Paxton Van Lines, according to an announcement today. Weichert Relocation Resources Inc. announced that Corporate Relocation Services was acquired by an affiliated Weichert company. C.R.S., which provides relocation programs to government agencies and corporate clients, will remain a separate legal entity, ensuring consistency and continuity of service for its existing clients. "The acquisition accelerates Weichert's diversification into the government market segment, a move which is expected to drive significantly increased revenues and profits," the company announced. Aram Minnetian, president of Weichert Relocation Resources Inc., said in a statement, "With C.R.S. as part of the Weichert Family of Companies, we will now be able to serve the government mobility market segment." He said the company has a focus on four relocation market segments: corporate, human resource outsourcing, government and consumer retai...