What is the name of Christies International Real Estate's ultimate parent company?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
On November 25, 2024, the Company's ultimate parent, At World Properties Holding, LLC ("AWPH"), a Delaware limited liability company, entered into a Merger Agreement with Compass, Inc. ("Compass"), a Delaware corporation, which closed on January 13, 2025. Per the agreement, Compass acquired all of the issued and outstanding equity securities of AWPH and its subsidiaries.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Christies International Real Estate's ultimate parent company was At World Properties Holding, LLC (AWPH) at the time the financial statements were prepared. AWPH was a Delaware limited liability company.
However, the FDD also states that on November 25, 2024, AWPH entered into a Merger Agreement with Compass, Inc., a Delaware corporation. This merger closed on January 13, 2025, resulting in Compass, Inc. acquiring all issued and outstanding equity securities of AWPH and its subsidiaries.
Therefore, as of January 13, 2025, Compass, Inc. became the ultimate parent company of Christies International Real Estate. This change in ownership is a significant event that prospective franchisees should be aware of, as it could potentially impact the strategic direction and operations of the franchise system.