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M&A Deal Summary

Compass Acquires CommonGround Abstract

On September 28, 2021, Compass acquired insurance company CommonGround Abstract

Acquisition Highlights
  • This is Compass’ 3rd transaction in the Insurance sector.
  • This is Compass’ 9th transaction in the United States.
  • This is Compass’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-09-28
Target CommonGround Abstract
Sector Insurance
Buyer(s) Compass
Deal Type Add-on Acquisition

Target

CommonGround Abstract

Philadelphia, Pennsylvania, United States
CommonGround Abstract is a title company that provides comprehensive title insurance protection and professional settlement services for homebuyers and sellers, real estate agents and brokers, mortgage lenders, commercial property professionals, homebuilders, and developers to facilitate real estate purchases, construction, refinances, or equity loans. CommonGround Abstract was founded in 2019 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Compass

New York, New York, United States
Category Company
Founded 2012
Sector Internet Software and Services
Employees2,549
Revenue 4.9B USD (2023)
DESCRIPTION
Billboard for Compass in Chicago, Illinois.
Billboard for Compass in Chicago, Illinois.

Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. Compass delivers a seamless experience to both agents and their clients. Compass was incorporated in 2012 and is based in New York City.

DEAL STATS #
Overall 9 of 10
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 9 of 10
State (Pennsylvania) 1 of 1
Country (United States) 9 of 10
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 First Alliance Title

Denver, California, United States

First Alliance Title is a provider of title services. First Alliance Title was founded in 2014 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Consumer s Title

Westlake Village, California, United States

Consumer's Title is a premier real estate settlement service provider in California focused on customer service with three offices across the state – Westlake Village and Santa Clarita in Southern California, and Gold River, near Sacramento, in Northern California. Consumer's Title was founded in 2007 and is based in Westlake Village, California.

Buy -
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