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ompass resumes its acquisition strategy by acquiring Anywhere Real Estate. The two companies announced a definitive merger agreement on Monday, structuring the deal as an all‑stock transaction that values Anywhere at roughly $10 billion, including debt. Upon closing, Compass CEO Robert Reffkin will head the combined entity.

    Reffkin said the merger “marks a monumental step toward our mission to empower real‑estate professionals with everything they need to grow their business and better serve clients.” He praised Anywhere’s leadership, culture, and brands, noting that the union will preserve each brand’s independence while providing the resources to help agents thrive for decades.

    The press release highlights that the merger will unite about 340,000 agents across the U.S. and nearly 120 countries. Compass will also gain Anywhere’s diversified revenue streams, strengthening its title operations and adding relocation and insurance services.

    Under the terms, Anywhere’s common stock will be exchanged for 1.436 shares of Compass Class A common stock, valuing each Anywhere share at $13.01 based on Compass’s 30‑day VWAP as of September 19, 2025. After the transaction, Compass shareholders will own roughly 80 % of the combined company, while Anywhere shareholders will hold just over 20 %.

    Ryan Schneider, Anywhere’s CEO and president, expressed enthusiasm: “We are excited to unite our renowned brands, international footprint, and leading businesses to build a better real‑estate experience in concert with Compass.” He emphasized leveraging the talent across both companies to deliver greater value to buyers and sellers at every stage of the transaction.

    Compass secured $750 million in senior funding from Morgan Stanley to finance the deal. The transaction is expected to close in the second half of 2026, pending approval from both companies’ shareholders.