The Real Deal New York

Knight says good night to firm he founded

October 16, 2007
By Will Swarts

Relocation giant Sirva has made its latest move a Manhattan expansion, picking up brokerage and relocation company DJ Knight & Co. in a deal announced last month.

Terms of the deal were not disclosed. Sirva, a publicly traded company, will file disclosure documents with the Securities and Exchange Commission, but had not done so as of press time.

Jim Trainor, a spokesman for Chicago-based Sirva, said the acquisition was a natural fit for the multinational company with 8,000 employees in 45 countries. Sirva’s North American brands include Allied, northAmerican, Global and Sirva Relocation. The company has a market capitalization of $1.7 billion.

“We wanted to have an entr e into New York City, and DJ Knight certainly provides that,” he said. “They know the market better than we do.”

David Knight, president of DJ Knight, will become director of global sales at Sirva and James Conigliaro, the senior vice president, will become general manager at Sirva, the company said.

Over the past 17 years, Knight built up his business as a residential brokerage and relocation specialist, working with financial services, consulting firms, insurers and other corporate clients to provide company housing, home purchase and rental assistance and residential brokerage services, which will mesh with Sirva’s domestic operations and its foreign subsidiaries.

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