Realogy co. buys Primacy Relocation 

Realogy Corp.'s  relocation services subsidiary, Cartus Corp., has acquired Memphis-based Primacy Relocation, expanding the company's global footprint and putting Cartus back in the business of providing relocation services to the government.

Primacy has 700 employees operating in 25 offices worldwide, who managed 51,000 moves and handled $2.88 billion in funds in 2008, according to the company's Web site. Cartus has 2,500 employees who managed about 135,000 relocations in more than 150 countries for 1,200 clients in 2008.

Terms of the deal were not disclosed. But the acquisition "will significantly expand our global capabilities," said Kevin Kelleher, president and CEO of Cartus, in a press release. Kelleher said the the deal will enable Cartus to re-enter the U.S. government relocation business, "an area of historical strength" for the company.

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