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Signaling its commitment to future growth, Compass has named Lacey Conway as executive vice president of mergers and acquisitions, the brokerage announced on Thursday.
Kalani Reelitz | Compass
Conway joined Compass last spring when Latter & Blum was acquired by the brokerage, adding a huge Gulf Coast market presence to Compass’ agent ranks. At that time, Conway had served as CEO of Latter & Blum for about five years, and in total, spent more than 20 years at the firm. When Latter & Blum joined Compass, Conway became a regional vice president.
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“We are thrilled to have Lacey lead the next phase of our M&A strategy,” Kalani Reelitz, CFO of Compass, said in a statement. “Her expertise and deep alignment with our mission will be instrumental as we continue to expand our community of top-tier brokerages and exceptional agents.”
Under Conway’s leadership, Compass has seen significant growth in Louisiana, Mississippi, Alabama and Texas, the brokerage said, with her industry relationships and experience in the M&A space making her a valuable team member for the firm’s future growth.
One of Compass’ most recent major acquisitions was of @properties Christie’s International Real Estate, which closed in January and was valued at around $444 million. It also acquired the Washington, D.C.-based Washington Fine Properties in February.
Lacey Conway | Compass
In the current, uncertain economic environment, many real estate companies have shown a willingness to do mergers and acquisitions through transactions, like Redfin’s acquisition by Rocket, or new hires specific to the space, like Steve Capezza’s recent move to Anywhere Real Estate Inc.
Compass said it sees M&A as “an essential lever to expand [the company’s] national footprint, deepen local market presence, and support top-performing agents.” As executive vice president of M&A, Conway will identify and execute partnerships with other firms across the country to promote its expansion.
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