Compass Inc. agreed to acquire Anywhere Real Estate Inc. for $1.6 billion in an all-stock transaction.
The deal, which is expected to close in the second half of 2026, will bring Anywhere’s portfolio of well-known brands, including Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Guaranteed Rate Affinity and Sotheby’s International Realty under the Compass umbrella.
Compass also owns @properties and Christie’s International Real Estate following a deal announced in December 2024, and it was rumored to be close to taking over HomeServices of America, parent company of Berkshire Hathaway HomeServices in March.
Compass said the transaction will bring Anywhere’s 300,000 agents and its 40,000 agents into a shared network with robust agent-to-agent referral opportunities, Compass’ industry-leading technology and Anywhere’s full-service title and escrow, mortgage and relocation services. The footprint will span all 50 U.S. states, almost every major U.S. city and 120 countries and territories worldwide.
Compass CEO and Founder Robert Reffkin will lead the combined company.
“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,” Reffkin said.
Under the terms of the merger agreement, each share of Anywhere common stock will be exchanged for 1.436 shares of Compass class A common stock, or $13.01 per share based on Compass’ 30-day average price as of Sept. 19. Current Compass shareholders will own 78% of the combined company, which will carry an enterprise value of $10 billion, while Anywhere shareholders will own 22%.
“We are excited to unite our renowned brands, international footprint and leading businesses to build a better real estate experience in concert with Compass,” Anywhere President and CEO Ryan Schneider said. “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.”