October 11, 2012
Croft & Bender Serves as Financial Advisor to Relocation.com in its Sale to Move, Inc.
Croft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the sale of Relocation.com, LLC to Move, Inc.
Headquartered in New York, NY, Relocation.com is a premier online resource for consumers preparing to move to a new home or apartment. Relocation.com partners with leading pre-screened and licensed moving, auto transport and storage companies from across the country and internationally in order to reduce the stress consumers often feel about the relocation process.
Move, Inc. (NASDAQ: MOVE) is a leader in online real estate and operates Realtor.com® and the award-winning Realtor.com suite of real estate search mobile apps; Top Producer Systems, a leading developer of real estate sales and marketing software; ListHub, a leading syndicator of real estate listings and performance reports; TigerLead Solutions, a leading provider of lead generation and a lead management system for real estate professionals; Move.com; Moving.com; and SeniorHousing.Net. Move, Inc. is based in Campbell, CA.
Croft & Bender was retained as the exclusive financial advisor to Relocation.com to assist the company in evaluating its strategic alternatives. “We selected Croft & Bender based on their extensive experience with technology companies, specifically lead generation and software businesses,” said Relocation.com CEO Sharon Asher. “They knew how to position our company for potential buyers and helped us successfully navigate through the selection of a partner to closing.”
“We were pleased to help Sharon Asher and Relocation.com through this transaction. Closing a transaction with Move, Inc. ensures that the Relocation.com brand will remain in good hands in the future,” commented Steve Tye, Managing Director of Croft & Bender.