Montreal-based Fiera Capital Corp. announced on Friday that it is set to acquire Toronto-based Integrated Asset Management Corp. (IAM).

Fiera has entered into a definitive agreement with IAM that will see the investment manager acquire all of IAM’s outstanding common shares, according to a release. Under the agreement, IAM’s private debt investment team will join Fiera Private Lending and its industrial real estate team will join Fiera Properties.

Total consideration is $74 million, which represents the total IAM enterprise value of $64 million and $10 million of adjusted cash on hand. It will be paid as $55.5 million in cash and $18.5 million of Fiera Capital Class A subordinate voting shares, Fiera said.

The deal is expected to close in the second quarter of 2019. Details of the terms can be found in the company’s news release.