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- Anywhere Real Estate
Anywhere Real Estate Acquisition & Valuation
Anywhere Real Estate was acquired by Compass for $4.2B in September 2025, a 0.7x multiple on $5.7B of revenue.
Anywhere Real Estate revenue at acquisition
$5.7B
Last twelve months · Sep 2025
Anywhere Real Estate revenue multiple at acquisition
0.7x
EV/Revenue · Sep 2025
Anywhere Real Estate EBITDA multiple at acquisition
14.5x
EV/EBITDA · Sep 2025
Anywhere Real Estate Overview
About Anywhere Real Estate
Anywhere Real Estate is an American residential real estate services company headquartered in Madison, New Jersey, known until June 2022 as Realogy. It franchises and operates the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Corcoran Group, ERA Real Estate and Sotheby's International Realty brokerage brands, and runs the Cartus relocation business alongside title, escrow and settlement services through Anywhere Integrated Services. The company earns franchise fees from independent brokerages, commissions from its own brokerages, and fees for relocation, title and settlement work. In 2025 its network had more than 300,000 independent sales agents in about 18,000 offices across 119 countries; it reported revenue of $5.69 billion in 2024 and had 7,890 employees in 2025. The business was spun off from Cendant in July 2006, bought by Apollo Global Management in April 2007 at an enterprise value of $8.5 billion, and listed on the New York Stock Exchange in October 2012. In 2024 it agreed to pay $83.5 million to settle claims over buyer-broker commissions. Compass, Inc. completed its acquisition of Anywhere in January 2026 for about $1.6 billion in stock.
Founded
2006
HQ
Website
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Services
Revenue
$5.7B (Sep 2025)
Valuation
$4.2B (acquired Sep 2025)
Sectors
Anywhere Real Estate Acquisition
Anywhere Real Estate was acquired by Compass for $4.2B on 22 September 2025.
The acquisition price implies a 0.7x revenue and 14.5x EBITDA multiple on $5.7B of revenue.
Compass, Inc., a leading tech-enabled real estate services company founded in 2012 and based in New York City, provides an end-to-end platform including cloud-based software for customer relationship management, marketing, client service, and brokerage services to its residential real estate agents, making it the largest U.S. residential brokerage by sales volume. Anywhere Real Estate Inc., a franchisor with leading brands, title and escrow, and relocation operations generating over $1 billion in revenue, operates globally with complementary businesses. On September 22, 2025, Compass and Anywhere signed a definitive merger agreement for an all-stock transaction valuing the combined company at approximately $10 billion enterprise value, including debt assumption, pairing Compass' technology investments and innovative marketing with Anywhere's brands and global reach to create a premier real estate platform serving 1.2 million transactions annually and diversifying Compass' revenue streams. The merger received unanimous board approval, with Robert Reffkin and TPG Angelo Gordon entering voting agreements; Compass secured a $750 million financing commitment from Morgan Stanley Senior Funding, planning deleveraging to 1.5x net leverage by 2028. Shareholder approvals came overwhelmingly on January 7, 2026—99% of Compass votes for stock issuance and 72.4% of Anywhere shares—with HSR Act clearance prior, leading to closure on January 9, 2026, making Anywhere a wholly-owned Compass subsidiary while preserving its brand independence. Post-close, Compass CEO Robert Reffkin leads the entity; Anywhere CEO Ryan Schneider and CTO Rudy Wolfs departed, amid reports of agent concerns with 70% considering leaving and half open to it if the deal proceeded. The combined platform spans 120 countries with 340,000 professionals, enhancing agent services amid competitive brokerage dynamics; Compass added 800 principal agents in Q4 2025 and improved guidance, boosting shares—Anywhere to $17.40 (up 20%) and Compass to $12.15 (up 12%) post-vote.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 22 Sep 2025 | Strategic M&A | $4.2B | 0.7x | 14.5x |
Sources: nbcnews.com, prnewswire.com, prnewswire.com, prnewswire.com, prnewswire.com
Acquisitions by Anywhere Real Estate
Anywhere Real Estate has acquired 5 companies to date.
Last acquisition by Anywhere Real Estate was on July 15th 2014. Anywhere Real Estate acquired ZipRealty for $166M.
Latest Acquisitions by Anywhere Real Estate
| Description | ZipRealty is a real estate brokerage leveraging proprietary search tools, mobile apps, and agent networks for home buying and selling. Platforms integrate MLS data with virtual tours and market analytics. San Francisco-headquartered, it operates in 30 US markets serving buyers, sellers, and investors through salaried agents and commission rebates. | ERA Showcase Properties & Investments is a residential real estate brokerage in Brevard County, Florida, operated by Keldorff, Inc. under the ERA real estate brand. Barb Keller and Jean Burgdorff purchased the firm in 1999 and built it into a brokerage with seven offices and more than 100 sales associates. It earns commissions on the home sales and purchases its sales associates handle for buyers and sellers in the county. In April 2013 its assets were acquired by Coldwell Banker Residential Real Estate, the Florida brokerage subsidiary of Realogy's NRT, which moved into Brevard County through this purchase and the simultaneous acquisition of Pruitt Real Estate. Keller and Burgdorff remained involved in the acquirer's business development efforts. | Pruitt Real Estate is a residential real estate brokerage in Melbourne, in Brevard County, Florida. The firm has provided real estate services to the local community since 1954, first under James H. Pruitt and then under his son Michael Pruitt. It earns commissions on the home sales and purchases its sales associates handle for local buyers and sellers. In April 2013, when it had two offices and approximately 70 sales associates, its assets were acquired by Coldwell Banker Residential Real Estate, the Florida brokerage subsidiary of Realogy's NRT. Michael Pruitt became a managing broker with Coldwell Banker Residential Real Estate and took charge of its Brevard County offices, which the company had not served before the acquisition. | Coldwell Banker Preferred is a residential real estate brokerage serving the greater Philadelphia market. It operated as an independently owned franchisee of the Coldwell Banker brand until October 2010, when Realogy's company-owned brokerage subsidiary NRT acquired its assets. At the time of the sale it had eight offices and 500 agents, who closed transactions worth $850 million in total sales volume in 2009. Like other residential brokerages it earns commissions on the home sales and purchases its agents handle for buyers and sellers. Regina Coia was its president and David Krieger its vice president, and both remained in charge after the acquisition. | |
| HQ Country | |||||
| HQ City | San Francisco, CA | - | Melbourne | Philadelphia | |
| Deal Date | 15 Jul 2014 | 3 Apr 2013 | 3 Apr 2013 | 1 Oct 2010 | |
| Valuation | $166M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Anywhere Real Estate acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Anywhere Real Estate Competitors
Anywhere Real Estate competitors include listed companies like LEG Immobilien, RBR Desenvolvimento, Cencosud Shopping and Shaftesbury Capital, and private ones like Houzz and QuintoAndar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.5B | $1.5B | $4.4B | 13.8x | ||
| Private | - | - | $4B | - | ||
| Publicly listed | $288K | - | $4.4B | - | ||
| Publicly listed | $388M | $380M | $3.7B | 10.9x | ||
| Publicly listed | $321M | $166M | $3.7B | 24.5x | ||
| Private | $29M | - | $5.1B | - |
Anywhere Real Estate Public Comps
Anywhere Real Estate is no longer listed, but its public comps include LEG Immobilien, RBR Desenvolvimento, Cencosud Shopping, Shaftesbury Capital, SL Green Realty, Curbline Properties, Colliers International, WillScot, Pandox and Cushman & Wakefield.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $1.5B | 9.5x | 13.8x | 10.1x | 19.8x | |||
| $288K | - | 15340.5x | - | - | - | |||
| $388M | $380M | 11.9x | 10.9x | 12.2x | 12.1x | |||
| $321M | $166M | 17.6x | 24.5x | 33.9x | 32.1x | |||
| $940M | $350M | 10.6x | 15.1x | 28.4x | 26.5x | |||
| $183M | $106M | 22.1x | 16.1x | 38.1x | 25.5x | |||
| $5.6B | $643M | 1.7x | 1.5x | 14.3x | 11.5x | |||
| $2.3B | $606M | 3.1x | 3.1x | 11.8x | 7.7x | |||
This data is available for Pro users. Sign up to see all Anywhere Real Estate competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Anywhere Real Estate
| When was Anywhere Real Estate founded? | Anywhere Real Estate was founded in 2006. |
| Where is Anywhere Real Estate headquartered? | Anywhere Real Estate is headquartered in Madison, United States. |
| Is Anywhere Real Estate publicly listed? | No, Anywhere Real Estate was acquired by Compass in September 2025. |
| Who acquired Anywhere Real Estate? | Anywhere Real Estate was acquired by Compass in September 2025. |
| How much was Anywhere Real Estate acquired for? | Anywhere Real Estate was acquired for $4.2B in September 2025, a 0.7x revenue multiple. |
| Which companies are comparable to Anywhere Real Estate? | Companies comparable to Anywhere Real Estate include LEG Immobilien, Houzz, RBR Desenvolvimento, Cencosud Shopping, Shaftesbury Capital and QuintoAndar. |
| How many companies has Anywhere Real Estate acquired? | Anywhere Real Estate has acquired 5 companies, including ZipRealty, ERA Showcase Properties & Investments, Pruitt Real Estate, Coldwell Banker Preferred and Primacy Relocation. |
| What was the largest acquisition by Anywhere Real Estate? | The $166M acquisition of ZipRealty in July 2014 is the largest acquisition Anywhere Real Estate has made to date. |
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