From the Graebel Newsroom.
GRAEBEL ENTERS INTO AGREEMENT TO SELL VAN LINE AND U.S. MOVING CENTERS TO PETERSON HOLDING COMPANY
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FOR IMMEDIATE RELEASE – BREAKING NEWS
(Aurora, COLO USA) – Today, Graebel Companies, Inc. chairman of the board David W. Graebel and William H. Graebel SGMS chief executive officer and president of the global relocation firm, together with Robert and Vasilia Peterson have made a joint announcement that they have entered into a formal agreement regarding the sale and acquisition of Graebel Van Lines, Inc., and the U.S. moving and storage operations of Graebel Movers, Inc. In this landmark announcement, it was also conveyed that the two business units will be acquired under the Petersons’ newly formed holding company Graebel Vanlines, LLC. This comes as the Petersons, founders of All My Sons Moving & Storage, will independently own and separately operate the interstate carrier and coast to coast moving and storage entities from their other holdings. Terms of this agreement will not be disclosed. Interviews will be scheduled with the Graebels and the Petersons after the transaction has closed.
David Graebel sold household goods moving services and with one truck entirely handled each of his customers’ relocations throughout Wisconsin starting in 1950. Today, Graebel Van Lines, Inc., and Graebel Movers, Inc, the largest wholly-owned carrier and moving and storage network in North America, perform household goods and commercial office relocation services for the Fortune 500 and Global 100.
Described as the Right Move for Everyone™ this bold move by Graebel represents the latest in its seven decades of ongoing transformations for the benefit of its customers’ evolving relocation programs. A comprehensive transition plan is in place for the seamless delivery of high-quality moving services for Graebel clients and a textbook changeover for the 1800 employee and contract drivers that will report to the Petersons’ team.
Graebel Relocation Services Worldwide, Inc., Graebel Movers International, Inc., Move Management, Inc. and Graebel Commercial Services, Inc. are excluded in this agreement, and will continue to operate under the umbrella of the Graebel Companies, Inc. led by William Graebel.