AcquisitionsApr 27, 2026, 08:01 AM
Real to Acquire RMAX for $880M; Creates Global Real Estate Platform
AI Summary
The Real Brokerage Inc. announced a definitive agreement to acquire RE/MAX Holdings, Inc. for an implied enterprise value of approximately $880 million, creating a new entity named Real REMAX Group. This transaction aims to form a leading technology-enabled global real estate platform, combining Real's AI-powered brokerage with REMAX's iconic brand and global reach. The acquisition is expected to be accretive to Real's earnings and Adjusted EBITDA margin within the first full fiscal year post-closing and generate approximately $30 million in annual run-rate cost savings. In light of the pending transaction, RE/MAX Holdings will no longer hold its first quarter 2026 earnings conference call.
Key Highlights
- Real Brokerage Inc. to acquire RE/MAX Holdings, Inc. for an implied enterprise value of approximately $880 million.
- The combined entity will be named Real REMAX Group, uniting Real's AI-powered platform with REMAX's global network.
- Transaction is expected to be accretive to Real's earnings and Adjusted EBITDA margin within the first full fiscal year.
- Combined company pro forma 2025 annual revenue of approximately $2.3 billion and $157 million Adjusted EBITDA.
- Expected to generate approximately $30 million in annual run-rate cost savings, primarily by calendar year 2027.
- RE/MAX Holdings shareholders are expected to own approximately 41% of the combined company on a fully diluted basis.
- RE/MAX Holdings canceled its first quarter 2026 earnings conference call and webcast scheduled for May 8, 2026.