Compass announced it has completed its all-stock combination with Anywhere Real Estate Inc., bringing the two companies together under Compass International Holdings as they pursue a shared strategy focused on supporting real estate professionals.
Robert Reffkin, Chairman and CEO of Compass, will lead the combined organization as it integrates operations and platforms. In an open letter to real estate professionals, affiliate broker-owners, and employees, Reffkin described the merger as a move to unite respected brands and professionals on a single technology foundation designed to help agents save time, grow their businesses, and better serve clients.
Compass positioned the combination as a step toward building what it calls the best company in the world for empowering real estate professionals, with an emphasis on an end-to-end, cloud-based platform spanning customer relationship management, marketing, client service, brokerage services, and other brokerage workflows.
Founded in 2012 and headquartered in New York City, Compass describes itself as a tech-enabled real estate services company that includes the largest U.S. residential real estate brokerage by sales volume. The company also noted that its network includes Christie’s International Real Estate, a global luxury real estate brand with more than 100 independently owned brokerage affiliates across 50 countries and territories.
KEY QUOTE:
“Our collective vision is to become the best in the world at empowering real estate professionals with everything they need to realize their entrepreneurial potential. What makes this moment unique is not a transaction that combines two companies – it’s that the industry’s most respected brands and professionals are coming together on a single, modern technology platform that will help them save time, grow their business, and better serve their clients.”
Robert Reffkin, Chairman and CEO, Compass
