STOCK TITAN

Quad-C Management Completes the Sale of @properties to Compass

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Quad-C Management has completed the sale of @properties to Compass (NYSE: COMP). @properties, a Chicago-based real estate services company, operates brokerage firms across seven states and owns the Christie's International Real Estate network, which spans nearly 50 countries.

During Quad-C's partnership, @properties achieved significant growth, including a 250% revenue increase, opening of 20 new offices, and completion of six acquisitions. The company expanded its title and mortgage services while enhancing its technology, marketing, and training platforms.

The merger with Compass aims to provide enhanced resources and support to agents and independent broker-owners affiliated with Christie's International Real Estate, focusing on technology integration, marketing improvements, and service excellence while maintaining the distinct brands of both companies.

Quad-C Management ha completato la vendita di @properties a Compass (NYSE: COMP). @properties, una società di servizi immobiliari con sede a Chicago, gestisce agenzie immobiliari in sette stati e possiede la rete Christie's International Real Estate, che si estende in quasi 50 paesi.

Durante la partnership con Quad-C, @properties ha raggiunto una crescita significativa, includendo un incremento del fatturato del 250%, l'apertura di 20 nuove sedi e il completamento di sei acquisizioni. L'azienda ha ampliato i suoi servizi di titoli e mutui, migliorando nel contempo le sue piattaforme di tecnologia, marketing e formazione.

La fusione con Compass mira a fornire risorse e supporto migliorati agli agenti e ai broker indipendenti affiliati a Christie's International Real Estate, concentrandosi sull'integrazione della tecnologia, sul miglioramento del marketing e sull'eccellenza del servizio, mantenendo al contempo i marchi distintivi di entrambe le aziende.

Quad-C Management ha completado la venta de @properties a Compass (NYSE: COMP). @properties, una empresa de servicios inmobiliarios con sede en Chicago, opera agencias en siete estados y posee la red Christie's International Real Estate, que abarca casi 50 países.

Durante la asociación con Quad-C, @properties logró un crecimiento significativo, incluyendo un aumento del 250% en los ingresos, la apertura de 20 nuevas oficinas y la finalización de seis adquisiciones. La empresa amplió sus servicios de títulos y préstamos hipotecarios, mejorando al mismo tiempo sus plataformas de tecnología, marketing y formación.

La fusión con Compass tiene como objetivo proporcionar recursos y apoyo mejorados a agentes y propietarios de agencias independientes afiliados a Christie's International Real Estate, enfocándose en la integración de tecnología, mejoras en marketing y excelencia en el servicio, manteniendo al mismo tiempo las marcas distintivas de ambas empresas.

Quad-C Management@propertiesCompass (NYSE: COMP)에 판매 완료했습니다. @properties는 시카고에 본사를 둔 부동산 서비스 회사로, 7개 주에서 중개 업체를 운영하며, 거의 50개국에 걸쳐 있는 Christie's International Real Estate 네트워크를 소유하고 있습니다.

Quad-C와의 파트너십 동안 @properties는 매출 250% 증가, 20개의 새로운 사무실 개설, 6건의 인수 완료 등 상당한 성장을 달성했습니다. 이 회사는 타이틀 및 모기지 서비스를 확장하고 기술, 마케팅 및 교육 플랫폼을 강화했습니다.

Compass와의 합병은 Christie's International Real Estate에 소속된 에이전트 및 독립 중개인 소유자에게 기술 통합, 마케팅 개선 및 서비스 우수성에 집중하는 향상된 자원과 지원을 제공하는 것을 목표로 하며, 두 회사의 독특한 브랜드를 유지합니다.

Quad-C Management a finalisé la vente de @properties à Compass (NYSE: COMP). @properties, une société de services immobiliers basée à Chicago, exploite des agences dans sept États et possède le réseau Christie's International Real Estate, qui s'étend sur près de 50 pays.

Au cours du partenariat avec Quad-C, @properties a connu une croissance significative, notamment une augmentation des revenus de 250%, l'ouverture de 20 nouveaux bureaux et l'achèvement de six acquisitions. L'entreprise a élargi ses services de titres et d'hypothèques tout en améliorant ses plateformes de technologie, de marketing et de formation.

La fusion avec Compass vise à fournir des ressources et un soutien améliorés aux agents et aux propriétaires de courtiers indépendants affiliés à Christie's International Real Estate, en mettant l'accent sur l'intégration technologique, les améliorations marketing et l'excellence du service tout en maintenant les marques distinctes des deux entreprises.

Quad-C Management hat den Verkauf von @properties an Compass (NYSE: COMP) abgeschlossen. @properties, ein in Chicago ansässiges Immobilien-Dienstleistungsunternehmen, betreibt Maklerfirmen in sieben Bundesstaaten und besitzt das Netzwerk Christie's International Real Estate, das sich auf fast 50 Länder erstreckt.

Während der Partnerschaft mit Quad-C erreichte @properties ein erhebliches Wachstum, einschließlich eines Umsatzanstiegs von 250%, der Eröffnung von 20 neuen Büros und dem Abschluss von sechs Akquisitionen. Das Unternehmen erweiterte seine Titel- und Hypothekendienstleistungen und verbesserte seine Technologie-, Marketing- und Schulungsplattformen.

Die Fusion mit Compass zielt darauf ab, verbesserte Ressourcen und Unterstützung für Makler und unabhängige Maklerbesitzer, die mit Christie's International Real Estate verbunden sind, bereitzustellen, wobei der Schwerpunkt auf der Technologienintegration, Marketingverbesserungen und Serviceexzellenz liegt und gleichzeitig die einzigartigen Marken beider Unternehmen erhalten werden.

Positive
  • Revenue growth of 250% under Quad-C partnership
  • Expansion through 20 new office openings
  • Strategic acquisition of Christie's International Real Estate network
  • Enhanced technology and service capabilities through Compass merger
Negative
  • None.

Insights

This strategic acquisition marks a significant expansion for Compass in the luxury real estate segment. @properties brings valuable assets including the prestigious Christie's International Real Estate network, which spans nearly 50 countries and a robust technology platform (pl@tform™). The deal strengthens Compass's market position by adding 7 state operations, title and mortgage services capabilities and over 100 international broker affiliates.

The transaction's timing aligns with real estate market consolidation trends, where technology-enabled brokerages are seeking scale advantages. @properties' 250% revenue growth under Quad-C's ownership demonstrates strong operational execution and market validation. The synergistic combination of Compass's technology infrastructure with @properties' luxury market presence creates substantial cross-selling opportunities and operational efficiencies.

The integration of @properties' pl@tform™ technology with Compass's existing digital infrastructure presents compelling technological synergies. This merger combines two tech-forward real estate companies, potentially accelerating innovation in agent-focused solutions. The consolidation of their respective tech stacks could yield significant cost savings while enhancing agent productivity tools.

For Compass investors, this acquisition represents a strategic move to capture more market share in the luxury segment while expanding their technology offerings. The addition of @properties' mortgage and title services also diversifies revenue streams beyond traditional brokerage commissions, potentially improving profit margins and reducing market cyclicality exposure.

CHARLOTTESVILLE, Va., Jan. 14, 2025 /PRNewswire/ -- Quad-C Management, Inc. ("Quad-C"), a leading middle market private equity firm, has completed the sale of @properties to Compass, Inc. ("Compass"; NYSE: COMP).

@properties is a Chicago-based real estate services company that owns and operates real estate brokerage firms in seven states, multi-state title and mortgage companies, and the Christie's International Real Estate network. Christie's International Real Estate is a global luxury real estate network with over 100 independently owned brokerage Affiliates in almost 50 countries and territories.

Tim Billings, Quad-C Senior Partner, commented, "We are very proud of what we have accomplished in partnership with the @properties team. Together, we grew revenue by approximately 250%, opened 20 new offices, completed six acquisitions including the Christie's International Real Estate Network, expanded title and mortgage services and made significant investments in @properties' technology, marketing and training platforms. Since founding this business in 2000, Co-CEOs Thad Wong and Mike Golden have been committed to providing exceptional customer service and leveraging technology to improve the experience for both agents and clients.  It was a pleasure to partner with @properties through such an exciting period in their growth trajectory and we wish them continued success."

Mike Golden, @properties Co-CEO, added, "We want to thank the Quad-C team for their strategic support over the last several years. This represented @properties's first institutional partnership and, together, we significantly transformed the business and drove tremendous growth while staying committed to our company's values and vision. We look forward to our next stage of growth and our partnership with Compass."

The partnership with Compass will allow the combined company to continue to empower the company's agents and independent broker-owner entrepreneurs around the world who are affiliates of Christie's International Real Estate.  Together, these companies will provide unparalleled resources and support to help everyone succeed and deliver exceptional client experiences.

Thad Wong, @properties Co-CEO, commented, "Compass shares our commitment to enhance the real estate industry through technology, marketing, and exceptional service and to embrace the local, independent broker through the Christie's International Real Estate and @properties brands. This is a very complementary union that respects our unique brands and empowers agents to provide an even better experience for the clients they serve."

About Quad-C Management

Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in established business services, industrials and healthcare companies. In its three-decade history, Quad-C has invested over $4 billion of capital in 84 platform companies and over 385 add-on acquisitions. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. For more information, please visit www.quadcmanagement.com.

About @properties

@properties is a Chicago-based real estate services company that owns and operates real estate brokerage firms in seven states, multi-state title and mortgage companies, Proper Title and Proper Rate, and the Christie's International Real Estate network. @properties is also the creator of pl@tform™, a proprietary brokerage-technology software that enables agents to digitally manage all aspects of the client relationship and real estate transaction through one fully integrated system. Since its start in 2000, the company has been led by co-founders and co-CEOs, Thad Wong and Mike Golden. For more information, visit www.atproperties.com

About Compass    

Compass is the largest residential real estate brokerage in the United States by sales volume. Founded in 2012 and based in New York City, Compass provides an end-to-end platform that empowers its residential real estate agents to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time and manage their business more effectively. For more information on how Compass empowers real estate agents, one of the largest groups of small business owners in the country, please visit www.compass.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quad-c-management-completes-the-sale-of-properties-to-compass-302349986.html

SOURCE Quad-C Management, Inc.

FAQ

What was the revenue growth of @properties before its acquisition by Compass (COMP)?

@properties achieved approximately 250% revenue growth during its partnership with Quad-C Management before being acquired by Compass.

How many offices did @properties open before the Compass (COMP) acquisition?

@properties opened 20 new offices during its partnership with Quad-C Management before being acquired by Compass.

How many acquisitions did @properties complete before being sold to Compass (COMP)?

@properties completed six acquisitions, including the Christie's International Real Estate Network, before being sold to Compass.

What is the geographical reach of @properties' Christie's International Real Estate network under Compass (COMP)?

The Christie's International Real Estate network includes over 100 independently owned brokerage Affiliates across almost 50 countries and territories.

How will the Compass (COMP) acquisition affect @properties' operations?

The acquisition will provide enhanced resources and support to agents while maintaining @properties' and Christie's International Real Estate's distinct brands, with a focus on technology, marketing, and service improvements.

Compass, Inc.

NYSE:COMP

COMP Rankings

COMP Latest News

COMP Stock Data

3.96B
541.55M
2.58%
63.72%
3.08%
Real Estate Services
Services-computer Programming Services
Link
United States of America
NEW YORK