Compass Real Estate, the largest independent real estate brokerage in the United States, has recently acquired Louisiana-based Latter & Blum, a real estate brokerage company headquartered in New Orleans with offices across the state. The acquisition was confirmed by Lori McCarthy, managing broker for Latter & Blum’s Acadiana offices.
Latter & Blum generated $3.6 billion in sales last year and was the top company in the Gulf Coast region. This acquisition represents a strategic move for Compass to expand its presence along the Gulf Coast and establish itself as a dominant player in the region.
Details of the deal 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. Established in 1916, Latter & Blum boasts 3,100 agents working in 32 offices across four states. The acquisition would significantly increase Compass’ agent count, which stood at nearly 15,000 late last year, growing by 21% if all agents from Latter & Blum remain with the company.
McCarthy expressed enthusiasm about the partnership and shared her excitement about joining 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 and positions Compass as a dominant player with a strong presence in the Gulf Coast region.
