M&A Deal Summary

Rocket Companies Acquires Mr. Cooper Group

On March 31, 2025, Rocket Companies acquired financial services company Mr. Cooper Group for 9.4B USD

Acquisition Highlights
  • This is Rocket Companies’ 1st transaction in the Financial Services sector.
  • This is Rocket Companies’ largest (disclosed) transaction.
  • This is Rocket Companies’ 3rd transaction in the United States.
  • This is Rocket Companies’ 1st transaction in Texas.

M&A Deal Summary

Date 2025-03-31
Target Mr. Cooper Group
Sector Financial Services
Buyer(s) Rocket Companies
Deal Type Add-on Acquisition
Deal Value 9.4B USD
Advisor(s) Citi (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Mr. Cooper Group

Coppell, Texas, United States
Mr. Cooper Group is a provider of quality servicing, origination, and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper Group was founded in 2015 and is based in Coppell, Texas.

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Buyer(S) 1

Buyer

Rocket Companies

Detroit, Michigan, United States

Category Company
Founded 1985
Sector Financial Services
Employees14,200
Revenue 4.9B USD (2024)
DESCRIPTION

Rocket Companies enables homeownership and financial freedom to clients by providing simple, fast, and trusted digital solutions for complex transactions. Rocket Companies was founded in 1985 and is based in Detroit, Michigan.


DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-10 Redfin

Seattle, Washington, United States

Redfin is a technology-powered residential real estate brokerage. Redfin represents people buying and selling homes in over 80 markets throughout the United States. Redfin pairs its own agents with its own technology to create a service that costs less for consumers. Redfin meets customers through its listings-search website and mobile application, reducing the marketing costs that can keep fees high. Redfin was established in 2002 and is based in Seattle, Washington.

Buy $1.8B