"Compass, America's largest residential brokerage by sales volume, is making its boldest move yet. On Monday, Compass announced it will acquire Anywhere Real Estate, the second largest residential brokerage, for $1.6 billion. The combined company will have some 340,000 real estate professionals worldwide and represent over 1.2 million home transactions annually. It's the biggest brokerage consolidation in U.S. history, bringing Anywhere Real Estate's brands like Coldwell Banker, Century 21, Sotheby's International Realty, Better Homes and Gardens Real Estate, and Corcoran under the same roof as Compass' tech-driven platform."
"Compass says the merger will diversify its revenue with Anywhere's sprawling franchise, relocation, and title and escrow businesses, while unlocking $225 million in cost synergies. Pending shareholder and regulatory approvals, the deal is expected to close in the second half of 2026."
"For Compass, the transaction is likely as much about leverage as it is about scale. The company has long positioned itself as a tech-enabled alternative to traditional brokerages, pouring resources into digital marketing, back-office software, and its network of " Private Exclusives "-off-market listings shared only within Compass's network, allowing sellers to quietly test pricing and attract serious buyers without (or before) going public. Acquiring Anywhere Real Estate also gives Compass national brand diversity and global reach."
Compass will acquire Anywhere Real Estate for $1.6 billion, combining roughly 340,000 real estate professionals and more than 1.2 million annual home transactions. The acquisition brings major franchise brands such as Coldwell Banker, Century 21, Sotheby's International Realty, Better Homes and Gardens Real Estate, and Corcoran onto Compass's tech-driven platform. The deal is expected to diversify revenue via Anywhere's franchise, relocation, and title and escrow businesses while targeting $225 million in cost synergies. Compass intends to leverage digital marketing, back-office software, and its Private Exclusives network to increase market leverage. The transaction is subject to shareholder and regulatory approvals and aims to close in the second half of 2026.
Read at Fast Company
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