StoneX Group has announced plans to acquire R.J.
O’Brien & Associates, a US futures brokerage firm. The deal is
expected to close later this year.
According to the company’s report, under the
agreement, R.J. O’Brien’s global operations will be merged into StoneX, a
Fortune 100 financial services firm with a presence on six continents.
The combined business will become one of the largest
futures commission merchants in the U.S., with the potential to significantly
influence global derivatives trading.
Consolidation to Boost Global Market Infrastructure
“In addition to all the products we offer today, our
clients and brokers will have a plethora of new products and services across
asset classes available at their fingertips, bringing meaningful new trading
and hedging opportunities. At the same time, our organization will benefit from
new efficiencies, premier technologies, and greater growth potential,” RJO
Chairman and CEO Gerry Corcoran said.
RJO CEO Gerry Corcoran, who has led the firm for over
20 years, will remain in a senior leadership role within StoneX. He framed the
merger as a natural next step in the firm’s evolution, one that maintains
client relationships while offering access to new products and platforms.
The merger also signals a shift in ownership for the
O’Brien family, which has been a majority shareholder in RJO for generations. Following the transaction, they will become major shareholders in StoneX.
Next Steps and Closing Timeline
The transaction remains subject to regulatory approval
and other closing conditions, and completion is expected in the third quarter of this year. Broadhaven Capital Partners provides financial advisory services for RJO, while Mayer Brown LLP serves as legal counsel.
StoneX Group has recently made a significant expansion
through notable acquisition. Early this year, the NASDAQ-listed firm acquired
Octo Finances, a Paris-based fixed-income brokerage, to strengthen its European
presence. According to the company, the deal is expected to boost
its offerings in bond and convertible sales, debt capital markets, and credit
research.
StoneX Group has announced plans to acquire R.J.
O’Brien & Associates, a US futures brokerage firm. The deal is
expected to close later this year.
According to the company’s report, under the
agreement, R.J. O’Brien’s global operations will be merged into StoneX, a
Fortune 100 financial services firm with a presence on six continents.
The combined business will become one of the largest
futures commission merchants in the U.S., with the potential to significantly
influence global derivatives trading.
Consolidation to Boost Global Market Infrastructure
“In addition to all the products we offer today, our
clients and brokers will have a plethora of new products and services across
asset classes available at their fingertips, bringing meaningful new trading
and hedging opportunities. At the same time, our organization will benefit from
new efficiencies, premier technologies, and greater growth potential,” RJO
Chairman and CEO Gerry Corcoran said.
RJO CEO Gerry Corcoran, who has led the firm for over
20 years, will remain in a senior leadership role within StoneX. He framed the
merger as a natural next step in the firm’s evolution, one that maintains
client relationships while offering access to new products and platforms.
The merger also signals a shift in ownership for the
O’Brien family, which has been a majority shareholder in RJO for generations. Following the transaction, they will become major shareholders in StoneX.
Next Steps and Closing Timeline
The transaction remains subject to regulatory approval
and other closing conditions, and completion is expected in the third quarter of this year. Broadhaven Capital Partners provides financial advisory services for RJO, while Mayer Brown LLP serves as legal counsel.
StoneX Group has recently made a significant expansion
through notable acquisition. Early this year, the NASDAQ-listed firm acquired
Octo Finances, a Paris-based fixed-income brokerage, to strengthen its European
presence. According to the company, the deal is expected to boost
its offerings in bond and convertible sales, debt capital markets, and credit
research.
This post is originally published on FINANCEMAGNATES.
