Denver, CO – April 9, 2024 – Crest Rock Partners (“Crest Rock”), a Denver-based private equity firm investing in lower middle market software, technology, services and manufacturing businesses, today announced a strategic growth investment in Relocity Holdings, Inc. (“Relocity” or the “Company”). The investment will enable Relocity to accelerate product development and continue to expand its innovative solution portfolio of relocation software solutions and tech-enabled destination services globally. Relocity’s founder and executive team invested alongside Crest Rock.
Founded in 2016 and headquartered in Los Angeles, CA, Relocity provides software solutions and tech-enabled destination services to improve and streamline the employee relocation process. Relocity’s app-based platform revolutionizes how transferees manage and streamline their moves, while also providing valuable data and insights to corporate mobility managers and their relocation management company (“RMC”) partners. With the investment from Crest Rock, the Company intends to expand its geographic reach while continuing to evolve its leading-edge platform with additional features, integrations, analytics, and AI-driven capabilities. Relocity’s robust partner network of RMCs and technology partners will continue to work in tandem to improve the corporate relocation experience for transferees globally.
"We are thrilled to partner with Crest Rock Partners as we embark on this exciting phase of growth," said Klaus Siegmann, Founder & CEO at Relocity. "Crest Rock's investment not only validates our vision and strategy but also empowers us to execute on our ambitious goals and solidify our position as a leader in the global mobility industry for mobile employee experiences. As corporate mobility programs continue to evolve in this new working paradigm, we’ve never been more excited to be supporting and enabling our corporate and RMC partners through this industry evolution.
Crest Rock’s investment in Relocity underscores Crest Rock's commitment to partnering with high-potential companies and fueling their expansion and success. “Relocity’s leading mobility platform, combined with its relentless dedication to its customers, has allowed the Company to deliver exceptional software and services to corporate transferees around the world” commented Jeff Carnes, co-founder and Partner at Crest Rock. “In the midst of a transformative phase in the relocation industry, no other company provides the level of professionalism and innovative solutions to its customers and RMC partners that Relocity does. We are excited to partner with Klaus and the broader team at Relocity to support their mission of building the future of global mobility.”
About Crest Rock Partners
Crest Rock Partners is a Denver-based private equity firm focused on the lower middle market. Founded in 2019, the firm seeks investment opportunities where it can leverage its principals’ extensive operating and investing experience to help companies execute their strategic growth initiatives. Through the team’s completion of over 60 acquisitions, divestitures, mergers, and integrations, Crest Rock has developed a differentiated investment process and partnership approach, working with management, founders, and other shareholders to establish alignment and achieve mutual objectives. Crest Rock targets control investments across multiple industry verticals, including software, technology, IT services, tech-enabled business services, manufacturing, and industrial services with enterprise values ranging from $15 million to $150 million. For more information about Crest Rock, please visit www.crestrockpartners.com.
About Relocity
Founded in 2016 and headquartered in Los Angeles, CA, Relocity is reimagining the global mobility experience. We enable enterprises to attract, retain, and engage talent globally through our unique blend of mobility software solutions and high-touch destination services. Our personalized digital transferee experience accommodates all mobile talent and is enabled through our AI-driven native mobile app and workforce mobility platform. Our core values drive us to focus on our customers, innovation, integrity, and excellence. Relocity serves thousands of cities across the United States, Europe, Asia, and Australia. Learn more at www.relocity.com.