Compass Buys Anywhere Real Estate
The all-stock transaction brings together about 340,000 agents globally in every major U.S. city and serving about 120 countries and territories.
NEW YORK — Compass, Inc. and Anywhere Real Estate Inc. jointly announce the signing of a merger agreement in an all-stock transaction expected to have a value of about $10 billion, including the assumption of debt.
This transaction will bring together approximately 340,000 real estate professionals globally onto a shared network operating in every major U.S. city and serving approximately 120 countries and territories. The combined company will broaden its international referral network and significantly expand Compass' innovative client solutions and technology to more home sellers, home buyers and real estate professionals, the companies said in a press release.
The transaction has been unanimously approved by the boards of directors of Compass and Anywhere. It is expected to close in the second half of 2026, subject to approval by both Compass and Anywhere shareholders and satisfaction of customary closing conditions, including receipt of regulatory approvals.
Upon closing of the transaction, Compass CEO & Founder Robert Reffkin will lead the combined company.
"Today marks a monumental step towards our mission to empower real estate professionals with everything they need to grow their business and better serve their clients," Reffkin said. "I have deep respect for Anywhere's leadership, agents, employees, culture and brands. By bringing together two of the best companies in our industry, while preserving the unique independence of Anywhere's leading brands, we now have the resources to build a place where real estate professionals can thrive for decades to come."
"We are excited to unite our renowned brands, international footprint, and leading businesses to build a better real estate experience in concert with Compass," said Anywhere CEO & President Ryan Schneider. "We have a unique opportunity to utilize the incredible breadth of talent across our companies, especially our world-class agents and franchisees, to deliver even more value to home buyers and home sellers across every phase of the home buying and home selling experience."
The transaction is expected to diversify Compass by adding over $1 billion in revenue from Anywhere's established franchise, title and escrow and relocation operations. The approximately 1.2 million transactions on a combined basis provide an opportunity to incorporate additional services and create more seamless transactions for home buyers and home sellers, the companies said.
Compass is buying Anywhere in an all-stock deal. Each Anywhere share will turn into about 1.44 Compass shares, giving it an estimated value of around $13 per share based on Compass’s recent average price. When the merger is complete, Compass investors will own roughly 78% of the combined company and Anywhere investors about 22%.
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