Advertisement
Compass, the largest U.S. residential real estate broker, has announced plans to acquire Anywhere Real Estate in an all-stock deal valued at USD 4.2 billion. The transaction, expected to close in the second half of 2026, will significantly expand Compass' revenue by adding Anywhere's franchise, title, escrow, and relocation businesses. Anywhere shareholders will receive USD 13.01 per share, an 84% premium to its last close, while its stock surged nearly 49% following the news. The combined entity is projected to have an enterprise value of about USD 10 billion, including debt.
Compass, listed on Nasdaq under COMP, has confirmed that it will acquire Anywhere Real Estate, traded as HOUS, in a USD 4.2 billion all-stock deal aimed at strengthening its market position amid heightened competition in a slowing U.S. housing market. The deal, once completed, will bring more than USD 1 billion in revenue contributions from Anywhere's franchise, title and escrow, and relocation services into Compass' portfolio. Advertisement
The agreement will see Compass exchange each share of Anywhere common stock for 1.436 class A shares of Compass, resulting in an equity value of nearly USD 1.6 billion, based on Reuters estimates. The transaction also includes the assumption of debt, with the combined company's enterprise value expected to reach about USD 10 billion.
As part of the deal, Compass will pay USD 13.01 per share to Anywhere shareholders, reflecting an 84% premium on its last closing price. Following the announcement, Anywhere's shares jumped 49% in trading, closing at USD 10.48, while Compass' shares declined 14%.
Anywhere, headquartered in Madison, New Jersey, operates across 119 countries with more than 30,000 affiliated agents, offering franchise, brokerage, relocation, and title settlement services. This global reach is expected to enhance Compass' scale and give it a stronger competitive edge.
Industry analysts noted that the transaction consolidates Compass' standing. Jake Fuller of BTIG highlighted that real estate remains a volume-driven business and observed that the deal creates a clear leader, bringing together around 340,000 agents under the combined company.
The broader housing market has faced pressures from elevated mortgage rates and affordability challenges, impacting profitability for real estate firms and homebuilders. For Compass, this acquisition comes months after it filed a lawsuit against Zillow, accusing the online portal of implementing an exclusionary policy to consolidate U.S. home listings on its platform.
Financial advisory roles in the transaction are being led by Morgan Stanley for Compass, while Goldman Sachs is advising Anywhere.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
