NEW OWNERSHIP FOR H&R GROUP
Effective August 20th, Oak Lawn Marketing, Inc. has finalized the sale of its 100% owned subsidiaries H&R Consultants K.K and ReloJapan K.K. (known as the H&R Group) to private equity investment company Appreciate Co., Ltd. (“Appreciate”) and owner Hiroyuki Kurihara.
Through the acquisition, Appreciate has established a 100% subsidiary “H&R Group K.K.,” which will act as the parent and holding company of H&R Consultants K.K., and ReloJapan K.K.
H&R Group and Appreciate will make every effort to enhance the service provision of H&R Consultants and ReloJapan in real estate and relocation services to fully meet the global mobility needs of corporations in Japan.
Detailed information is as follows:
Background
H&R Consultants is an officially licensed real estate company that provides real estate and relocation services to both multi-national and Japanese corporations. ReloJapan is the sister company of H&R Consultants, and is 100% devoted to destination service provision and management of the entire relocation process for assignees destined to Japan.
Appreciate is a private equity investment company that focuses on small to medium sized investments across all industries in Kanto and Chubu.
Comments from Stakeholders
Harry Hill, President, Oak Lawn Marketing Inc.
“I have tremendous affection for the H&R group of companies, as this was one of the first businesses I started in Japan. As per the evolution of Oak Lawn Marketing joining NTT DOCOMO, INC. in April of 2009, this transaction is “win-win” for all parties and will empower the H&R Group management to seek further growth in an environment that fully supports their culture and core business. I am incredibly proud to be involved in another entrepreneurial success story here in Japan.”
Scott Reid, Operating Officer, Oak Lawn Marketing Inc. (Former President of H&R Consultants and ReloJapan)
“I have great faith in Steve Burson and his management team and I believe this is a great step for the H&R Group. I am sure it is the consistent performance over many years that has made this possible. This move can only make the H&R Group greater and allow them to take things to the next level.”
Hiroyuki Kurihara, President, Appreciate Co., Ltd.
“My instincts told me from the first meeting with Steve Burson that this was an organization I wanted to invest in. Ultimately, the international feel of H&R Group’s culture, the consistent financial performance through different economic times and the potential for continued growth into the future are the factors that determined the value of this investment. I really look forward to working with all the H&R Team.”
Steve Burson, President of H&R Consultants K.K. and ReloJapan K.K.
“We owe so much to Oak Lawn Marketing for their support and guidance over the last 18 years. Furthermore, I am very grateful that we have been able to find a great home with Appreciate and Hiroyuki Kurihara.
While we will seek improvements in all areas of our business into the future, I am also happy to report that H&R Consultants and ReloJapan’s operations and staff, in its entirety, will remain unchanged.
None of this would have been possible without the support of our clients, vendors and friends, so I would like to take this opportunity to portray my sincere appreciation to you all and to ask for your continued support and guidance into the future. We look forward to working with you and your teams to forge even stronger relationships and provide even better service.”
Outline of H&R Group (as of August 20th, 2010)
Parent Company: H&R Group K.K.
President: Hiroyuki Kurihara
Location: Yokohama, Kanagawa (will later be moved to Aichi)
Capital: 40 million yen
Date of Establishment: August, 2010
Name of Company: H&R Consultants K.K.
President: Steve Burson
Location: Nagoya, Aichi
Capital: 40 million yen
Date of Establishment: 1993 (Nagoya), 2000 (Tokyo Branch)
Name of Company: ReloJapan K.K.
President: Steve Burson
Location: Shibuya-ku, Tokyo
Capital: 10 million yen
Date of Establishment: June 2001
Inquiries
Human Resources and Administration Division
H&R Group K.K.
TEL: 052-973-3957
E-MAIL: InfoRequest@MoreThanRelo.com
ATTN: Yuki Yamada / Aki Kamiya
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