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Compass, Anywhere to Merge in All-Stock Deal
Compass, Inc. and Anywhere Real Estate Inc. said Monday they had agreed to merge in an all-stock transaction. The combined company is expected to have an enterprise value of approximately $10 billion, including the assumption of debt.
The merger has been unanimously approved by the boards of both companies and is expected to close in the second half of 2026. Compass founder and CEO Robert Reffkin will lead the combined company upon closing of the merger.
“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,” said Reffkin. “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.”
Both Compass and Anywhere, through its Coldwell Banker Commercial brand, handle commercial as well as residential transactions. Century 21, Corcoran and Sotheby’s International also operate under the Anywhere umbrella. Morgan Stanley is serving as exclusive financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Compass. Goldman Sachs is serving as the exclusive financial advisor and Wachtell, Lipton, Rosen & Katz is serving as the legal advisor to Anywhere.
- ◦Sale/Acquisition
