In a letter to all Sotheby’s International Realty® Broker/Owners, Alex Perriello, President & CEO of Realogy, the parent company of Sotheby’s International Realty Affiliates LLC, reports good news.

Specifically, Realogy announced that Cartus, its relocation services subsidiary, has acquired Primacy Relocation. Based in Memphis, Tenn., Primacy is a prominent relocation and global assignment management company with 700 employees and 25 offices worldwide. Effectively, two of the leading relocation companies in the world are joining forces under the Realogy umbrella.

First and foremost, this is a highly strategic acquisition that positions Realogy for growth across its international and domestic businesses, and we wanted you to hear the news from us firsthand. (The full details of today’s announcement are available in the company press release on Realogy.com.)

Throughout this economic downturn, we have communicated to you, our franchisees, that we remain focused on the long-term horizon. We believe today’s announcement speaks volumes about Realogy’s ongoing commitment to pursuing smart growth opportunities.

What I hope you will take away from this news is an understanding that not only is Realogy focused on building for the future, but that the Company has the leadership, vision and financial strength to be actively engaged in growing its business today.

On behalf of Realogy and the Sotheby’s International Realty brand, I would like to thank you for your affiliation and wish you much success in the New Year.

Tags: Primacy Relocation, Realogy, Sotheby's

This entry was posted on Thursday, January 28th, 2010 at 10:52 am and is filed under Bellevue Real Estate News, Marketing News, Sotheby's Network. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.