Evercore to acquire Robey Warshaw for $196M, sees accretion

Evercore (EVR) announced that it has entered into an agreement to acquire Robey Warshaw. The consideration for the transaction is GBP 146M, or $196M, payable in two tranches, with the first payment in Evercore stock at closing, and the second payment at the one-year anniversary in stock or cash as agreed between Evercore and Robey Warshaw. There is also potential additional consideration which is based on defined performance criteria over a multi-year period. Evercore expects the acquisition to be accretive to its adjusted and GAAP EPS in the first full year together and thereafter. The transaction is expected to close at the beginning of the fourth quarter of 2025. The transaction is expected to be financially accretive and to further position Evercore for long-term growth across global markets.