Faegre Drinker Advises Graebel Companies in Business Combination with Reside Worldwide

A Faegre Drinker team led by corporate partner Jared Hershberg advised family-owned Graebel Companies, Inc. in its business combination with Reside Worldwide Inc., a portfolio company of Westbridge Capital, Ltd., one of Canada's leading private equity firms.

Graebel is a recognized global leader in workforce mobility and managed services and assists the world's leading organizations in creating certainty in an increasingly complex world by combining strategic advisory, intelligent technology and deep human expertise to enable organizations to move talent with greater visibility, agility and control.  Founded in 1950, Graebel supports organizations across 190 countries through decades of mobility expertise, strong governance and a curated global partner network.

Reside is a leading provider of alternative accommodations and workforce housing solutions. Through its portfolio of hospitality brands and proprietary technology platform, Reside delivers high-quality accommodations and seamless support for business travelers, relocating employees and extended-stay guests, providing access to more than 3.4 million professionally vetted and globally compliant accommodations across more than 60 countries.

Together, the companies are creating the foundation for a new model that helps organizations simplify complexity, improve employee experiences and support talent more effectively. This is enabled by ongoing support of the combined businesses from Westbridge Capital Ltd. coupled with the Graebel family's continued minority investment in the go-forward combined business.

The team led by Hershberg also included corporate partners Kaili Janus, Matt Levy, and Joanne Lewers, counsel Rob Goldstein, and associates Brian Kollatz, Mark Kaske and Parker Gilbert; tax partner Sean FitzGerald and associate Isabel Wallace; benefits and executive compensation partner Monica Novak and counsel Karen Gelula; labor and employment counsel Kelly Petrocelli; intellectual property partner Ira Kalina; privacy partner Doriann Cain and associate Mary Grace Smith;  real estate partner Michael Woodruff and associate Eric Cole; and government and regulatory affairs partner Thomas Duncan.

Read the parties’ press release for more information on the transaction.