Compass pays between four and six times its annual pre-tax earnings when it acquires other brokerages, according to CEO and founder Robert Reffkin. The company, which has scooped up four brokerages since January 2016 and is valued at $2.2 billion, pays in that range (before interest, taxes, depreciation and amortization) depending on the size of the business, Reffkin told Inman. Though it’s not clear exactly how much the brokerage has paid for its acquisitions, the […]
source https://therealdeal.com/2018/07/24/compass-ceo-hints-at-price-of-brokerage-acquisitions/
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