Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Associates for International Research, Inc. (AIRINC) on its cross border majority investment by Japanese publicly traded firm Relo Group, Inc. (Relo). Relo acquired a controlling stake in AIRINC for 2.13 billion Japanese Yen.
AIRINC is a leading provider of data and consulting services to organizations as a part of their workforce globalization strategy. The Company provides data and analytics to determine compensation, cost of living differences, housing and education costs, hardship allowances, airfare estimates, per diems, hypothetical taxes and transportation costs. AIRINC is based in Cambridge, MA with international offices in London, Brussels, Amsterdam and Hong Kong. The Company was founded in 1954 and serves a diverse customer base comprised of more than 900 global organizations.