Compass acquired Pacific Union International Inc. from Fidelity National Financial, Inc., Chief Executive Officer of Pacific Union International, Mark McLaughlin, President of Pacific Union International, Patrick Barber, and others.
August 28, 2018
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Compass acquired Pacific Union International Inc. from Fidelity National Financial, Inc. (NYSE:FNF), Chief Executive Officer of Pacific Union International, Mark McLaughlin, President of Pacific Union International, Patrick Barber, and others on August 29, 2018. Mark McLaughlin owns 23% stake whereas Patrick Barber owns 6% in Pacific Union. Compass will pay an undisclosed sum of cash and stock for Pacific Union. Pacific Union will change its name to Compass. Pacific Union International Inc reported sales of $14.1 billion in 2017. Mark McLaughlin will become Compass' President of California.
Compass completed the acquisition of Pacific Union International Inc. from Fidelity National Financial, Inc. (NYSE:FNF), Chief Executive Officer of Pacific Union International, Mark McLaughlin, President of Pacific Union International, Patrick Barber, and others on August 29, 2018. Fidelity National Financial, Inc. sold all of its 62% equity interest in Pacific Union International for $43 million in cash and up to $21 million in potential earnout payments. The potential earnout payments are based on certain gross profit and earnings targets for Pacific Union and are payable in approximately 60% cash and 40% Compass stock annually over the course of the next three years. As per February 19, 2019 filing, Fidelity National Financial, Inc. sold all of its 62% equity interest in Pacific Union International for $37 million in cash and up to $21 million in potential earnout payments.
Compass, Inc. provides an end-to-end platform that empowers its residential real estate agents to deliver service to seller and buyer clients. Its platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionalities, all custom-built for the real estate industry. Its platform also uses proprietary data, analytics, artificial intelligence, and machine learning to simplify workflows of agents and deliver recommendations and outcomes for both agents and their clients. It also provides integrated services, such as title and escrow and mortgage, both of which are available on its platform. Its Glide tools, which include completion of various real estate forms and offer preparation and eSignature and collaboration capabilities, are offered to non-Compass agents and their clients. Its platform also enables agents to locate desirable properties at attractive prices for buyers.
Compass acquired Pacific Union International Inc. from Fidelity National Financial, Inc., Chief Executive Officer of Pacific Union International, Mark McLaughlin, President of Pacific Union International, Patrick Barber, and others.
COMPASS, INC. 
