StoneX Group enters into definitive agreement to acquire R.J. O'Brien for an equity value of approximately $900 million (75.55)
- Co announces that it has entered into a definitive agreement to acquire R.J. O'Brien, the oldest futures brokerage in the U.S., for an equity value of approximately $900 million.
- The purchase price will be paid in a combination of cash and shares of StoneX common stock. StoneX will also assume up to $143 million of RJO debt.
- The acquisition significantly strengthens StoneX's position as a leading FCM and enhances its role as an essential part of the global financial market structure, offering institutional grade execution, clearing, custody, and prime brokerage across all asset classes.
- RJO, through its FCM and global affiliates, supports over 75,000 client accounts and serves the industry's largest global network of introducing brokers, as well as commercial and institutional clients, and individual investors.
- The acquisition expands StoneX's client float by nearly $6 billion, adds nearly 300 IBs to its network, and is projected to increase cleared listed derivatives volume by ~190 million contracts annually.
- RJO generated $766 million in revenue and approximately $170 million in EBITDA during calendar 2024.