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.

Expect ongoing updates as this story evolves.

Source: Finance Magnates