Add-on Acquisition • Real Estate

Rocket Companies Acquires Redfin

On March 10, 2025, Rocket Companies acquired real estate company Redfin for 1.8B USD

Acquisition Context
  • This is Rocket Companies’ 1st transaction in the Real Estate sector.
  • This is Rocket Companies’ 2nd largest (disclosed) transaction.
  • This is Rocket Companies’ 2nd transaction in the United States.
  • This is Rocket Companies’ 1st transaction in Washington.

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M&A Deal Summary

Date March 10, 2025
Target Redfin
Sector Real Estate
Buyer(s) Rocket Companies
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Goldman Sachs (Financial)
Fenwick & West (Legal)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 2 of 3
Sector: Real Estate 1 of 1
Type: Add-on Acquisition 2 of 3
State: Washington 1 of 1
Country: United States 2 of 3
Year: 2025 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Truebill

Silver Spring, Maryland, United States

Truebill is a provider of personal finance app that analyzes members’ spending habits, identifies inefficiencies, and offers immediate methods to improve their financial health. Truebill was founded in 2016 and is based in Silver Spring, Maryland with offices in San Francisco.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-31 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.

Buy $9.4B