Compass to Acquire Anywhere Real Estate in $4.2 Billion All-Stock Deal
Compass, the largest U.S. residential real estate brokerage, announced it will acquire Anywhere Real Estate in an all-stock deal valued at $4.2 billion. The move strengthens Compass’ position in the housing market at a time when home sales remain sluggish due to high interest rates.
The transaction will add more than $1 billion in revenue from Anywhere’s franchise, title and escrow, and relocation services, according to the companies.
Based in Madison, New Jersey, Anywhere Real Estate operates through over 30,000 affiliated agents across 119 countries, offering brokerage, franchise, relocation, and settlement services.
As part of the agreement, Anywhere shareholders will receive $13.01 per share, an 84% premium compared to its last close. Anywhere’s stock surged 55% in premarket trading to $10.97, while Compass shares fell nearly 15%. Each share of Anywhere common stock will be exchanged for 1.436 Compass Class A shares, bringing the equity value to approximately $1.6 billion, based on Reuters estimates.
The combined company will carry an enterprise value of about $10 billion, including debt. Morgan Stanley advised Compass, while Goldman Sachs served as financial adviser to Anywhere.
The deal is expected to close in the second half of 2026.
