Compass to Acquire Christie's International for $444 Million
Deal News | Dec 06, 2024 | Aim Group
Compass, the leading U.S. brokerage in terms of transaction volume, has announced plans to acquire @properties and Christie's International Real Estate for a total sum of $444 million. This strategic acquisition positions Compass as a formidable competitor to Zillow in the real estate sector, expanding their reach in mortgages and associated services. The transaction is a significant move in the competitive real estate brokerage market, providing Compass with enhanced market presence and diversification of its service offerings.
Sectors
- Real Estate Services
- Financial Services
Geography
- United States – Compass, the acquiring company, is a top U.S. brokerage firm, and the acquisition impacts the U.S. real estate market.
Industry
- Real Estate Services – The article focuses on the acquisition of real estate brokerage firms by a brokerage company, showcasing developments and trends in the real estate services industry.
- Financial Services – The acquisition involves significant financial transactions in the brokerage sector, highlighting investment activities in the financial services industry.
Financials
- $444 million – The purchase price for the acquisition of @properties and Christie's International Real Estate by Compass.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Compass | Acquiring Company | Company | Compass is the top U.S. brokerage by transaction volume, expanding its services through strategic acquisitions. |
| @properties | Target Company | Company | A real estate brokerage firm being acquired by Compass. |
| Christie's International Real Estate | Target Company | Company | A luxury real estate brokerage firm, part of the acquisition deal with Compass. |
| Zillow | Competitor | Company | Compass's competitor in real estate and mortgage services. |