Compass Acquires NYC-based Brokerage, Stribling
Its New York City footprint grows to over 1,800 agents with the addition of top brokerage Stribling.
Tech-based brokerage Compass has acquired Stribling, a New York City real estate brokerage with over 300 agents and 50 employees. The acquisition brings Compass’ New York City presence to over 1,800 agents in 11 offices.
For 40 years, Stribling has built one of the premiere luxury brands in real estate, fostered a culture centered on hard work and integrity, and developed an incredible team of agents and managers who exceed the expectations of their clients day after day.
“I have always admired Elizabeth, her daughter Elizabeth Ann and the hundreds of impressive agents and managers at Stribling,” said Compass founder and CEO Robert Reffkin. “We’re honored that they have chosen to align their impressive organization with ours. It’s humbling to join forces with such revered industry professionals, and I feel certain that together we can further build an exceptional environment for agents to thrive and further enhance the consumer experience.”
“I could not be more excited to begin a new life at Compass. Compass represents the future of real estate brokerage and Stribling will now be a part of this exciting new world. Because of their solid core values, innovative thinking, and exceptional platform, we have enthusiastically chosen Compass.”
– Elizabeth F. Stribling, Stribling founder and chairman
Elizabeth Ann Stribling-Kivlan, President of Stribling added: “I have watched Compass from the sidelines for the last five years, and I have been awed by the marketing, technology, and culture that they have and are continuing to build.”
Compass was founded in 2012 with the mission of helping everyone find their place in the world by creating the industry’s first end to end platform. In the past six years, Compass has grown to service more than 10,000 agents across 248 offices in 132 markets across the country. The company is valued at $4.4 billion and has raised $1.2 billion to-date. REAL Trends named Compass the #1 independent real estate brokerage and the #3 overall brokerage by sales volume in the U.S. for 2018 on the REAL Trends 500 Brokerage Rankings.