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Premia Relocation Mortgage, a joint venture between Guaranteed Rate Inc. (GRI) and Sirva, announced that the companies have signed a definitive agreement for GRI to assume full ownership of the company.

The financial aspects of the transaction were not disclosed. The Troy, Michigan-based Premia was founded in 1987 and offers the proprietary DigitalMove platform that offers relocation mortgage services for individuals who relocating within the U.S. and overseas.

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“This acquisition begins an exciting new chapter in our story,” said Nina Arnaiz, president of Premia. “We look forward to bringing additional value to our existing partners and continuing to introduce our exceptional service delivery model to new opportunities.”

“Welcoming Premia fully into our family turbo charges the abilities of both companies to deliver world-class services to help our customers access groundbreaking technology, streamlined service, and an overall best-in-class experience, whatever their needs may be,” added Victor Ciardelli III, founder and CEO of GRI.

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