Evercore acquires Morse, Williams and Company, Inc.
Snapshot
Evercore acquired Morse, Williams and Company, Inc. for Share-based initial consideration of approximately $1.35 million plus contingent consideration based on future investment fees in May 2010. The transaction was structured as stock plus contingent earn-out. Morse, Williams and Company, Inc. is a United States-based Investment Management - Wealth Management business.
- Acquirer
- Evercore
- Target
- Morse, Williams and Company, Inc.
- Value
- Share-based initial consideration of approximately $1.35 million plus contingent consideration based on future investment fees
- Date
- May 2010
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Evercore acquired Morse, Williams and Company, Inc. for Share-based initial consideration of approximately $1.35 million plus contingent consideration based on future investment fees, a transaction completed in May 2010, structured as stock plus contingent earn-out.
Morse, Williams and Company, Inc. operates in Investment Management - Wealth Management, is based in United States. Registered investment advisor providing separate management services for tax-exempt institutions and taxable clients. Acquired through Evercore Wealth Management (EWM).
In May 2010, the Company, through Evercore Wealth Management ('EWM'), acquired Morse Williams and Company, Inc., a registered investment advisor that provides separate management services for tax-exempt institutions and taxable clients.
Added registered-investment-advisor client relationships to Evercore Wealth Management. Goodwill of $848 thousand and client-relationship intangibles of $1,130 thousand recognized in the Investment Management segment. Integrated into Evercore Wealth Management (EWM)
No advisory firms have been disclosed for this transaction.