Cartus
Encyclopedia
Cartus Corporation is a services corporation specializing in employee relocation, including home sale and home purchase, household-goods shipping, move management, property management, rental and temporary housing, settling-in, spouse/partner career transition assistance, visa and immigration services, intercultural and language training, relocation accounting, international assignment compensation services, policy consulting services supporting benchmarking, program startups, group moves, mergers and acquisitions
, and change management
. The Cartus Asset Recovery group offers foreclosure avoidance programs. Cartus is a subsidiary
of Realogy Corporation
.
, and APAC
regions. :
. On July 31, 2006, Cendant Corporation spun off its businesses into four entities. The Real Estate Services group of Cendant Corporation became Realogy Corporation. Cendant Mobility, formerly part of the Cendant Corporation Real Estate Services Group, was renamed to Cartus Corporation as a result of the retirement of the Cendant brand.. In 2007, Realogy was acquired by Apollo Management
, a private equity firm, for $9 billion. In 2010, Cartus acquired the well-respected worldwide relocation services firm Primacy Relocation. With this acquisition, Cartus now manages the relocations of more than 140,000 customers annually.
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
, and change management
Change management
Change management is a structured approach to shifting/transitioning individuals, teams, and organizations from a current state to a desired future state. It is an organizational process aimed at helping employees to accept and embrace changes in their current business environment....
. The Cartus Asset Recovery group offers foreclosure avoidance programs. Cartus is a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of Realogy Corporation
Realogy
Realogy is a privately owned company that provides real estate and relocation services. It owns and franchises several of the industry's leading real estate brands and brokerages...
.
Office locations
Cartus has offices in numerous locations within the Americas, EMEAEurope, the Middle East and Africa
Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes...
, and APAC
Asia-Pacific
Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...
regions. :
History
Cartus was formerly known as Cendant Mobility, a subsidiary of Cendant CorporationCendant
Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, Cendant broke up and spun off or sold its constituent businesses...
. On July 31, 2006, Cendant Corporation spun off its businesses into four entities. The Real Estate Services group of Cendant Corporation became Realogy Corporation. Cendant Mobility, formerly part of the Cendant Corporation Real Estate Services Group, was renamed to Cartus Corporation as a result of the retirement of the Cendant brand.. In 2007, Realogy was acquired by Apollo Management
Apollo Management
Apollo Global Management, LLC is a private equity investment firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry...
, a private equity firm, for $9 billion. In 2010, Cartus acquired the well-respected worldwide relocation services firm Primacy Relocation. With this acquisition, Cartus now manages the relocations of more than 140,000 customers annually.