Compass will acquire Anywhere Real Estate in $4.2 billion deal
Compass, the largest U.S. residential real estate brokerage, announced on Monday that it will acquire Anywhere Real Estate in a deal valued at $4.2 billion. The transaction comes at a time when the housing market remains sluggish, with buyers facing affordability challenges amid persistently high interest rates.
Under the all-stock agreement, Compass will pay $13.01 per share for Anywhere, representing an 84% premium to the company’s most recent closing price. Anywhere’s stock surged 55% in premarket trading to $10.97 following the announcement, while Compass shares dropped nearly 15%.
Anywhere, based in Madison, New Jersey, operates through more than 30,000 affiliated agents across 119 countries and provides a broad range of real estate services, including franchise operations, brokerage, relocation, and title and settlement. The acquisition will add more than $1 billion in annual revenue from Anywhere’s franchise, title, escrow, and relocation businesses to Compass’ top line.
The transaction values Anywhere’s equity at about $1.6 billion, with each of its common shares to be exchanged for 1.436 Compass Class A shares. Including debt, the combined company is expected to carry an enterprise value of around $10 billion.
“This transaction strengthens Compass’ position as the clear leader in U.S. residential real estate while expanding our revenue base through a wider range of services,” Compass said in a statement.
Morgan Stanley is serving as financial adviser to Compass, while Goldman Sachs is advising Anywhere. The companies expect the deal to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.
