Savills Acquires Hoffman and Compustall for Growth
Savills has recently taken a significant step in its growth journey by acquiring Hoffman, a well-regarded move management consultancy, along with Compustall Services, a top-notch technology relocation services provider. This strategic acquisition enhances Savills' integrated service platform, enabling it to deliver a unified solution for clients managing complex workplace transitions across diverse sectors.
Rick Hoffman, the founder of Hoffman and now serving as President of Savills North America Relocation Management, expressed his thoughts on joining forces. He mentioned that aligning with a global entity like Savills, known for their understanding of business and shared values, paves the way for powerful growth together. Having collaborated for many years, this transition feels seamless for both parties.
Established in 1987, Hoffman has built a reputation for its expertise in office relocations. The consultancy serves a wide array of industries, including healthcare, education, and media, handling projects that encompass approximately 10 million square feet annually. Its services are tailored to meet the unique demands of various spaces, such as hospitals, academic campuses, and corporate offices. Compustall Services specializes in ensuring smooth IT transitions during workplace relocations, making them a valuable addition to Savills' service offerings.
Leadership and Future Directions
Rick Hoffman's leadership team will maintain oversight of its operations under the Savills umbrella. David Lipson, CEO of Savills North America, is optimistic about the merger, as it allows for the delivery of essential relocation services that significantly enhance employee experiences throughout lease life cycles. By improving these services, Savills aims to boost both productivity and engagement amongst clients' teams.
With the merger, Savills Relocation Management is set to work closely with clients at every stage of their occupancy—from initial move-in to transitions during leases and the end-of-lease decommissioning processes. This expanded scope of services includes planning, logistics, relocation, technology assistance, storage, and the decommissioning process, all delivered consistently across the country. This comprehensive approach enhances support for clients throughout their entire occupancy lifecycle.
Commitment to Service Excellence
Michael Glatt, President of Savills North America Project Management, remarked on the longstanding partnership between Savills and Hoffman. The focus on service is a cornerstone of their collaborative efforts, ensuring that clients receive unparalleled support during transitions. The combined teams will leverage their expertise to manage complex transitions more efficiently.
In their new role, Hoffman is set to drive further value for Savills clients, reinforcing the commitment to service quality and responsiveness. The merger not only represents a strategic business decision but also a chance to enhance the employee transition experience, ultimately leading to better organizational outcomes.
About Savills
For over 170 years, Savills has been a trusted partner in navigating the dynamics of commercial and prime residential real estate. With a presence on the London Stock Exchange, Savills operates through a network of over 42,000 professionals in more than 70 countries. The company's commitment to leveraging global research and local expertise enables them to deliver insightful, tailored solutions that meet the varied needs of their clients. Whether guiding a multinational corporation in expansion or assisting an investor in optimizing their real estate portfolio, Savills provides the support necessary for informed, strategic property decisions.
Frequently Asked Questions
What does the acquisition of Hoffman mean for Savills?
The acquisition enhances Savills' service platform, allowing for seamless relocation services and better management of workplace transitions across various sectors.
How long has Hoffman been in operation?
Hoffman was established in 1987, specializing in office relocations and expanding their services to cater to various industries.
What types of projects does Hoffman manage?
Hoffman manages relocations for diverse spaces, including hospitals, schools, and corporate offices, overseeing approximately 10 million square feet each year.
Who will lead Hoffman after the acquisition?
Rick Hoffman and his leadership team will remain in charge, driving the relocation management services within Savills.
What services does Savills Relocation Management provide?
Services include planning, logistics, relocation management, technology support, storage solutions, and decommissioning processes, all designed to support clients throughout their occupancy lifecycle.
