Compass, a tech-enabled U.S. residential real estate company, has announced a definitive all-stock merger agreement with Anywhere Real Estate in a transaction valued at approximately $10 billion, including the assumption of debt. “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 Compass CEO & Founder Robert Reffkin.
Anywhere CEO & President Ryan Schneider added, “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.”
Under the agreement, each Anywhere share will be exchanged for 1.436 Compass Class A shares, valuing Anywhere stock at $13.01 per share. Following the merger, Compass shareholders will hold approximately 78% of the combined company, and Anywhere shareholders will hold approximately 22%. The deal has been approved by both boards and is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.
Compass has secured a $750 million financing commitment from Morgan Stanley Senior Funding, with plans to reduce leverage to a net 1.5x Adjusted EBITDA by 2028. Compass Co-Founder Ori Allon stated, “Technology continues to transform every industry and every profession. We are excited to partner with a company that shares our vision.”
