m_and_a
confidence high
sentiment positive
materiality 0.85
Real to acquire RE/MAX Holdings for ~$880M enterprise value, forming Real REMAX Group
RE/MAX Holdings, Inc.
- Real (REAX) to acquire RE/MAX Holdings (RMAX) at enterprise value of ~$880M; combined entity named Real REMAX Group.
- Pro forma 2025 revenue ~$2.3B and Adj. EBITDA $157M; expected accretive to Real's earnings within first full year.
- Expected annual cost synergies ~$30M, majority realized by 2027; margin expansion ~100 bps.
- RE/MAX Q1 2026 earnings call canceled due to pending transaction.
- Combined company to have 180,000+ agents, 8,500 franchisees, present in 120+ countries.
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