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I am seeking an analysis of the organisation ''Brookfield Global Relocation Services'' or BGRS for short. Please provide information on their financial performance and key global clients.
Hello! Thank you for your request for an analysis of Brookfield Global Relocation Services (BGRS). In short, BGRS is a privately held company with an estimated annual revenue between $115 million and $125 million. The company provides global talent mobility solutions for government and corporate clients. Key competitors for BGRS include Sirva, Cartus, GMS, and Weichert. Below, you will find a deep dive of my findings.
METHODOLOGY
We began our research by reviewing the BGRS corporate website to obtain information regarding the company's services, expertise, and core values. Since this is a privately held company, data regarding exact revenue and key clients is not readily available through public sources; however, data from business insights platforms (Owler and Hoovers) was utilized to ascertain an estimated annual revenue. Owler, Hoovers, and LinkedIn were utilized to provide a list of primary competitors for BGRS, along with pertinent data for each. Although privacy practices limit the amount of information that could be located with regards to clients, an extensive search through trusted media sites and press releases revealed a few key clients of BGRS and its competitors, which have been outline below when available.
BGRS COMPANY OVERVIEW
BGRS, an affiliate of Brookfield Asset Management, provides talent mobility solutions to government and corporate clients around the world. The company maintains over 1,500 employees across 5 continents. The organization's culture is "rooted in the conviction that the work we do has meaningful, measurable impact on the success of our clients." Core values include excellent customer service, operational excellence, inspired people, a global mindset, financial stewardship, and uncompromising integrity.
BGRS claims expertise in numerous areas, including deployment and development of talent, optimization of mobility programs, management of efficient programs, mitigation risk and compliance management, global supply chain leverage, and a superior experience for employees.
This expertise is attained through the provision of a variety of services. Employer services include mobility program administration, financial administration, compensation administration, supply chain management, consulting services, group move management, program analytics, intercultural and language training, and immigration and business travel. Services available to relocating employees include access to a mobility consultant, who is the primary point of contact responsible for the management of the entire relocation life cycle, as well as access to ReloAccess, an online tool that allows employees to receive important information and track service service status and expenses regarding their relocation.
FINANCIAL INFORMATION
As BGRS is a privately held company, exact revenue is not publicly available through annual reports or any other sources; however, according to business insights platforms Owler and Hoovers, the estimated annual revenue is between $115 million and $125 million. As previously mentioned, the company is an affiliate of Brookfield Asset Management, which has approximately $250 billion under management globally. This data reinforces the financial stability of BGRS. BGRS boasts over $3.5 billion under management in disbursements to clients, and payments are made in 135 currencies. Through the supply network, BGRS has over $1 billion in client spend under management on an annual basis.
KEY CLIENTS
BGRS reports being partnering with some of the largest and most well-known corporations and government agencies around the world. Annually, the company handles approximately 60,000 relocations throughout 140 countries. BGRS is a third-party service provider through the Federal Government Integrated Relocation Program. This program provides the entities of the Government of Canada, the Royal Canadian Mounted Police, and the Canadian Forces with relocation assistance. The Canadian Prime Minister's Office utilized BGRS in 2016 to relocate two top aides. Furthermore, BGRS provides services to 28 military bases 4 regional offices in Canada. In an article in March, 2017, it was stated that BGRS sold all of small to medium sized corporate accounts, choosing to focus their energy on larger corporations and government entities.
KEY COMPETITORS
Key competitors of BGRS include Sirva, Cartus, GMS, and Weichert.
1. Sirva - Sirva, a leader in the global relocation and mobility services industry, boasts an estimated annual revenue of $687.5 million. The company has over 1,400 employees. In a recent survey, Sirva ranked number one in integrity, people, and quality of service.
Sirva's most recent move was the 2016 launch of Traveler360, a comprehensive solution designed to meet the needs of frequent business travelers. Traveler360 is not limited to technology, and offers a "full spectrum of services that are often required for extended business travelers, including policy and process design and implementation."
2. Cartus - Cartus, a leader in the global relocation and mobility services industry, boasts an estimated annual revenue of y has an estimated annual revenue of $16.1 million, and has over 2,800 employees in 18 offices around the world. Products and services include complete mobility solutions, consulting, outsourcing, and language and intercultural training. Cartus recently one the top honor for overall satisfaction among large relocation providers. They also ranked number one in the areas of responsiveness, supplier management, cost management, country coverage, value for price paid, and language training.
Cartus' client portfolio includes more than half of the Fortune 50 corporations, government, corporate, and affinity clients. Twenty-eight percent of the company's clients are in the manufacturing/construction industry, followed by service/media (20%), financial (16%), consumer goods (16%), other (6%), tech (5%), raw materials (3%), pharma (3%), and oil & gas (3%).
3. GMS - Global Mobility Solutions (GMS) provides solutions for corporate relocation and employee relocation management. The company has an estimated annual revenue of $41.5 million. GMS was recently recognized as a top company in the industry in the HRO Today's Baker's Dozen survey. Their clients gave them high marks in breadth of services and service quality. GMS experienced a tremendous growth in the number of corporate clients in the 2000's.
4. Weichert - Weichert provides global solutions for relocation, human resource consulting, and outsourcing related to relocation. They maintain over 400 employees in 175 countries around the world. The company has an estimated annual revenue of $61.449 million. In 2016, Weichert received the highest ratings for service satisfaction in the Nationwide Relocating Employee Survey, and was named the Relocation Management Company of the Year at the EMMA Awards Ceremony.
CONCLUSION
To wrap it up, BGRS is a leading provider of relocation solutions to corporate and government clients around the world. The company's estimated annual revenue is between $115 million and $125 million. Key competitors include Sirva, Cartus, GMS, and Weichert. Available information regarding revenue, services, and key clients for these competitors has also been provided.
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