Compass could be continuing its period of expansion with a massive growth spurt in the form of a deal to buy Berkshire Hathaway HomeServices.
The Wall Street Journal first reported the residential giant was in talks for the country’s fourth-largest brokerage, according to RealTrends.
Terms of the deal have not yet been reported.
The move would be a major step in what has become a 12-month period of rapid consolidation for Compass, the nation’s largest brokerage by deal volume.
Compass made shockwaves in the industry last year when it announced its $444 million deal to acquire Christie’s International Real Estate and @properties. @properties was the eighth-largest brokerage in the country before the acquisition, according to RealTrends.
Robert Reffkin’s firm also scooped up local brokerages in Tennessee and the Gulf Coast last year.
BHHS had 820 brokerage offices and 270 franchises at the end of 2024. The real estate arm of Warren Buffet’s conglomerate entered the New York City market in 2017 but has had a difficult time gaining a foothold since then, ranking 18th in the TRD’s most recent brokerage rankings.
This is a developing story.
