Compass to Acquire Anywhere Real Estate in Major Brokerage Deal

New York, NY – In a landmark agreement, Compass announced on September 22 that it will acquire its rival Anywhere Real Estate in an all-stock transaction valued at approximately $1.6 billion. The combined companies are projected to be worth around $10 billion, creating the largest residential real estate brokerage globally.

Compass stated that the merger would unite about 340,000 real estate professionals operating in approximately 120 countries and territories. Anywhere Real Estate boasts a portfolio of well-known brands, including Coldwell Banker, Century 21, and Sotheby’s International Realty.

“This is a unique opportunity to leverage the incredible talent across our companies to deliver greater value to home buyers and sellers,” said Anywhere CEO Ryan Schneider. Compass CEO Robert Reffkin called the acquisition a “monumental step” towards enhancing the services offered to clients and agents.

Despite challenges in the real estate market over the past few years, Schneider has highlighted the strength of Anywhere’s luxury brokerages, like Sotheby’s and Corcoran, which have driven sales. Compass is also a major player in the luxury market and has made several strategic acquisitions this year.

Under the terms of the deal, Anywhere shareholders will receive 1.436 shares of Compass Class A common stock for each share of Anywhere’s common stock. This exchange values Anywhere’s stock at $13.01 per share, representing an 84% premium.

The acquisition will provide Compass access to Anywhere’s additional services, such as title insurance and relocation services. Reffkin emphasized the importance of maintaining the unique identities of Anywhere’s leading brands.

The deal is expected to close in the second half of 2026, pending necessary shareholder and regulatory approvals. As the real estate industry evolves, the merger could significantly impact how brokerages operate, especially in light of the ongoing competition from companies like Zillow.