In a significant development within the real estate brokerage sector, Compass, Inc. (NYSE: COMP) announced the successful completion of its previously disclosed all-stock merger with Anywhere Real Estate Inc. This transaction, initially revealed in September 2025, has now been finalized, creating a new entity named Compass International Holdings.
The merger is financially valued at near $10 billion on a debt-inclusive basis, merging Compass’ technology-first real estate platform, comprehensive marketing capabilities, and network of agents with Anywhere’s well-established global real estate brands and array of diversified service businesses. These service businesses include franchising, title, escrow, and relocation, broadening the combined company's operational scope.
Post-merger, the unified organization supports an estimated 340,000 real estate professionals operating across more than 120 countries. This expansion notably enhances Compass' international reach, positioning it among the largest players on the global stage.
Ownership stakes following the merger have been structured such that Compass shareholders hold approximately 78% of the combined company, while Anywhere shareholders possess the remaining roughly 22% stake. The company projects that this merger will unlock annual cost savings exceeding $225 million through synergies realized from operational efficiencies.
Beyond cost efficiencies, the integration is expected to bolster cash flow and improve the balance sheet’s strength. Compass has communicated its commitment to ongoing investments in technology that support both agents and clients as part of its post-merger operational strategy.
Leading the newly established Compass International Holdings will be Robert Reffkin, founder, chairman, and CEO of Compass. In an open letter addressing stakeholders, Reffkin highlighted that the merger transcends a mere corporate transaction. He underscored that the fusion of two highly regarded brands and professional networks on one advanced technology platform is designed to streamline operations, catalyze business growth, and enhance client service capabilities.
Concurrent with the merger announcement, Compass revealed a private offering of $750 million in convertible senior notes maturing in 2031. The offer includes an option allowing initial purchasers to acquire an additional $112.5 million in notes. The company intends to utilize the proceeds from this offering for general corporate purposes, which may encompass potential debt reduction and executing capped call transactions.
Market response to the merger news was notably positive. Compass shares appreciated by 7.79%, closing at $13.21 on Friday, reaching a fresh 52-week high according to trading data available at the time.
This transformative move marks a pivotal moment for Compass, positioning the enterprise as a global leader with expanded services and a fortified technology platform, signaling future growth opportunities in the dynamic real estate landscape.