Keller Williams, privately owned since 1983, has brought in an outside investor, CoreLogic’s parent company, Stone Point Capital, a Connecticut-based investment firm which claims $55 billion in assets.
According to a release, Keller Williams is forming “a strategic partnership with funds managed by” Stone Point, which is “investing capital to help fuel Keller Williams’ continued growth and innovation.”
At the same time, this partnership brings on Chris Czarnecki as the company’s new president and CEO. Czarnecki has over 20 years of experience in the industry under his belt, previously serving as CEO of Broadstone Net Lease, Inc., an REIT that Stone Point previously invested in.
“The partnership with Stone Point is all about success—giving us the ability to continue to innovate, expand and provide even more value to franchisees, agents and their clients,” Czarnecki said in a statement.
After these 42 years of private ownership, the Austin-based company took on an outside investor due to the industry’s changing landscape and need for risk mitigation and strategic relationships, shared Darryl Frost, spokesperson for Keller Williams.
Keller Williams Co-Founder and Chairman Gary Keller, Stone Point Capital and other members of the company’s leadership team will retain ownership of Keller Williams, and Keller will stay on as executive chairman, added Frost.
The terms and percentages of the deal have yet to be made public.
“We’ve built an incredible foundation, and as we focus on each agent’s personal development and their continual sales growth—we welcome the partnership and backing from the team at Stone Point Capital,” Keller said in a statement. “I’m excited for the future, and I’m excited to be entering the most prolific writing, teaching and coaching phase of my 48-year career in real estate. I love this company, and I’m not going anywhere.”
No additional leadership changes have been announced.
Back in December 2024, Stone Point invested in another real estate company, Ardonagh Group, a global insurance broker. Aside from CoreLogic, Stone Point also partners with Meridian, Lone Wolf Technologies and Rialto. In the 19 years since Stone Point’s initial investment in the real estate sector, they have committed over $5.8 billion in capital into 25 companies.
Chuck Davis, chairman and co-CEO of Stone Point Capital, said in a statement that he admires Keller’s visionary leadership and his focus on real estate agents’ success.
Keller “has created a business that has performed well across many housing cycles,” he said. “We believe that Keller Williams’ industry-leading agent and franchise network, training resources and technology platform, position the company for continued success in the future, and we are proud to partner with them on the journey ahead.”
