NextHome Acquired by eXp World Holdings | Real Estate Services M&A Deal

eXp World Holdings has acquired NextHome, a commercial brokerage business in the United States, for $2.19B. NextHome operates a real estate services franchise model that supports brokerages and agents through brand, training, and franchise operations, giving eXp a franchise growth engine in commercial brokerage. eXp World Holdings acquisitions aim to expand its platform acquisition strategy by adding franchisor economics alongside its existing brokerage footprint. The platform acquisition was announced as a public company acquisition, with deal terms reported as an undisclosed sum and market reaction including eXp shares moving from about $6.52 to $6.99 around the announcement.