Brookfield Residential Property Services (BRPS), a division of Brookfield Asset Management Inc., plans to buy GMAC Home Services LLC, a provider of global relocation, real estate franchising, and brokerage and home financing services, from GMAC Residential Holding Company LLC and Residential Capital LLC. The transaction, whose terms were not disclosed, is expected to close in the fourth quarter.
“Brookfield is a leading provider of residential property services in Canada,” said its chairman, George Myhal. “Notwithstanding the recent market turmoil, this acquisition represents an important opportunity for us to expand in the U.S. market for residential property services, and we believe we are well-positioned to grow our market share once this difficult period of adjustment is behind us.”
In Canada, Brookfield provides executive relocation services, home appraisals, and property brokerage services under the Royal LePage, La Capitale, Johnston & Daniel, and Centract brand names. The acquisition will make BRPS one of the largest relocation companies in the world.
After switching providers, media giant reaps the rewards of an outsourced relocation solution that reduces costs.
Discovery Communications is the world’s No. 1 nonfiction media company. Along with many other challenges in HR, our relocation needs had morphed and grown exponentially over a few short years. As vice president, benefits and corporate travel, I realized my team and I could no longer sustain the inordinate amount of time relocation was taking from my other duties to the organization and our people.
Our Annual Relocation listing.
In our annual look at the corporate relocation market and the full-service providers who cater to it, we have made some important changes this year that we hope will truly help you, the buyer, to choose the right one for your organization. This year, we contacted 57 vendors and ranked the top 13 based on
While many other outsourced HR services can be kept transparent to the customer, there is no way to keep customers separate from mobility subcontractors.
Despite the increasingly remote, offshore, and centralized world of HRO, a key component of relocation management remains local capability. And, depending on the scope, a provider’s hands-on presence can be a key differentiator in the sourcing process.
The HROA is issuing final calls for nominations for the 2008 HROA Awards to be presented at the HRO World Conference held April 15-17 in New York City. The nomination process wil close January 18.
As 2007 winds down, the HRO market is reassessing outsourcing strategies and opportunities. Signs of a louder 2008 are in the works.
For observers of the HRO landscape who had their ears pressed to the ground in 2007, the most likely sound they heard was a dull thud. By dull I mean the pace of deal making, which was clearly off the mark, even compared with the anemic picture witnessed in 2006. With one notable exception during the year, enterprise HRO deals were harder to come by during the past 12 months than bankers handing out sub-prime mortgages.
The HROA has issued its final criteria for the 2008 HROA Awards. Nominees and award winners will be honored at the Fourth Annual HROA Awards Gala in New York on April 16, 2008 at the New York Hilton & Towers in conjunction with HRO World New York.
“This year’s awards process will be the most representative and relevant program we’ve held to date,” said HROA Global Executive Director, Richard J. Crespin. “The Awards Committee wisely chose to focus this year’s awards on relationship excellence, recognizing nominees for their mutual commitment to making HR transformation succeed.”
The criteria, available at http://www.hroassociation.org/file/3859/2008-awards-nomination.html, focus on the relationships between providers, advisors, attorneys, and their respective clients. The criteria also emphasize execution excellence: demonstrable success in driving outcomes and not just sizes of contracts.
HRO Today’s annual look at the top full-service, end-to-end relocation providers.
Our annual look at the top relocation services providers may be very timely for HR organizations struggling with their relocation program. Even as the need for talent continues to grow everywhere around the world, the cost to fill those positions with existing employees is rising in step with the talent shortage. As the housing market continues to soften, relocation managers more than ever may need the broad experience that third-party providers can lend.
Plano, TX-based ExcellerateHRO said it will provide global relocation and assignment services to KLA-Tencor Corp., a leader in yield management and process control solutions for semiconductor manufacturing, and GameStop Corp., the world’s largest video game and entertainment software retailer. Financial terms of the agreements were not disclosed.
ExcellerateHRO Relocation and Assignment Services will assume management responsibility for both organizations’ worldwide relocation operations through a single point of contact. Real-time integration between back-office systems and a web-based customer center will provide Gamestop and KLA-Tencor around-the-clock access to secure and personalized functionality.
Primacy Relocation, a provider of employee relocation and global assignment management services, has acquired Foursquare Relocation. The acquisition strengthens the company’s range of services and expands operations in London, Paris, Geneva and Amsterdam, a new market for Primacy. Additionally, this acquisition increases Primacy’s Europe, Middle East and Africa (EMEA) business unit revenues by nearly 40 percent and adds more than 35 relocation professionals to the Primacy team.
“We’re thrilled with the addition of Foursquare’s experienced professionals, resources and network of established clients to the Primacy team,” said Michelle Vallejo, Primacy’s president, The Americas. “The addition of an Amsterdam office expands our geographic reach in the EMEA market and allows Primacy to effectively provide even more localized services to our global clients.”
Foursquare Relocation launched its Amsterdam office in 2001, with the subsequent expansion of service offerings throughout Europe and offices in London, Paris and Geneva. In five years, Foursquare has achieved substantial market penetration, attracted and retained an impressive talent pool, and established a quality reputation in the European market. The company’s pan-European footprint gives it added credibility with its global clients, including those in the electronics, film, space exploration, automotive, information technology, and beverage industries.
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