04:30 AM EDT, 07/30/2025 (MT Newswires) -- Evercore ( EVR ) said Wednesday it has agreed to acquire UK-based independent advisory firm Robey Warshaw in a deal valued at $196 million.

Under the agreement, the company said it would pay in two tranches, which include an initial payment in its stock at closing and a second tranche one year later in either stock or cash.

Evercore ( EVR ) also said there is a potential additional consideration, based on defined performance criteria over a multi-year period.

The deal, expected to close in early Q4, would be accretive to Evercore's ( EVR ) adjusted earnings starting in the first full year post-acquisition, the company said.

The acquisition will enhance Evercore's ( EVR ) market position in the UK and expand its client reach across EMEA and globally.