The lending business, a portfolio company of AdCap Management Inc., is acquiring firms TemPay of Cleveland and Millennium Funding of Buffalo, New York, as it pivots to a focus on the staffing industry, which is ripe for M&A.
Compass’ C-suite gets IPO-ready
Compass overhauled its C-suite and reorganized key departments ahead of what’s the most anticipated IPO of a residential brokerage in years.
With 18,000 agents on its roster, the New York brokerage also has 2,000 employees nationwide. Founded in 2012, Compass has raised $1.5 billion from investors and recently hired bankers for a potential public offering.
Since the departure of COO Maëlle Gavet last year, eight C-level executives report to co-founder and CEO Robert Reffkin. Co-founder and chairman Ori Allon doesn’t have direct reports. Here are some of the newbies (and a few familiar names) calling the shots.