Latter & Blum, a Louisiana real estate firm, completes sale transaction

Compass Real Estate, a leading independent real estate brokerage in the United States, has recently acquired Latter & Blum, a Louisiana-based real estate brokerage company. Latter & Blum was headquartered in New Orleans with offices across the state and was confirmed to have been sold by Lori McCarthy, managing broker for its Acadiana offices.

This acquisition by Compass is seen as a strategic move to expand their presence along the Gulf Coast as Latter & Blum was the top company in that region, generating $3.6 billion in sales last year. The deal details were not made public but both companies are planning to operate as a co-brand initially, with Latter & Blum eventually transitioning to the Compass name.

Latter & Blum boasts 3,100 agents working in 32 offices across four states and this acquisition would significantly increase Compass’ agent count, which stood at nearly 15,000 late last year. If all agents from Latter & Blum remain with the company, this would result in an impressive growth of 21% for Compass.

McCarthy expressed her enthusiasm about the partnership and stated that she is excited to join a company known for its excellence and shares Latter & Blum’s core values of community, culture, and professionalism. This acquisition signifies a significant move for both companies in the real estate market as it positions Compass as a dominant player with a strong presence in the Gulf Coast region.

By Aiden Johnson

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