Compass buys Anywhere Real Estate for a combined 340,000 agents
Robert Reffkin, the CEO of Compass, will lead the combined company once the deal closes.
“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 in a statement. “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.”
According to the press release, the deal brings together roughly 340,000 real estate professionals across the U.S. and in nearly 120 countries into a shared network. Additionally, Compass gains the benefit of Anywhere’s diversified revenue streams, bolstering its existing title operation and adding relocation services and insurance offerings.
Under the terms of the agreement, “Anywhere’s common stock will be exchanged for 1.436 shares of Compass Class A common stock, which represents a value of $13.01 per Anywhere common stock share based on Compass’s 30 trading day volume weighted average price as of September 19, 2025,” according to the release.
When the transaction is complete, current Compass shareholders will own nearly 80% of the combined company stock, and Anywhere shareholders will own over 20%.
“We are excited to unite our renowned brands, international footprint, and leading businesses to build a better real estate experience in concert with Compass,” Ryan Schneider, the CEO and president of Anywhere, said in a statement. “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.”
In order to finance the deal, Compass obtained $750 million from Morgan Stanley Senior Funding.
The companies said they expect the deal to close in the second half of 2026. The deal is subject to approval by both Compass and Anywhere shareholders.
