The Stonx Group revealed that it had agreed to the agreement to obtain the RJ O’Brien (RJO), the oldest future mediation in the United States, for about $ 900 million.
This step is expected to expand greatly the presence of Stonx International Derivatives.
It was announced on Monday, the acquisition will be paid through a mixture of $ 625 million in cash and 3.5 million shares from Stonex Commun Stock.
Stonex will also take up to $ 143 million of RJO debts. The deal is expected to be closed in the second half of 2025.
The deal believes that Stonex adds more than 75,000 customers and about 300 brokers who offer its network, which increases the size of its derivatives included in the list by about 190 million contracts annually.
The customer is scheduled to rise to more than $ 13 billion, and there is expected to be more than $ 50 million in cost synergy and $ 50 million in capital efficiency.
“This is a transformative deal,” said Sean O’Connor, Vice President of Stonex. He added that he establishes the company as “a pioneering global derivative company.”
RJO, which was founded in 1914, achieved revenue of $ 766 million and $ 170 million in Ebitda in 2024. CEO Jerry Corcoran will remain in a major leadership role in Stonex.
“HeyYour customers and brokers will have a large number of new products and services through the available asset classes within their reach, which brings new opportunities for circulation and hedge.Korkuran said.