R.J. O'Brien Merges with StoneX to Strengthen Futures Brokerage Position
Deal News | Apr 14, 2025 | EIN
Chicago-based R.J. O'Brien & Associates, a prominent futures brokerage and clearing firm, has agreed to integrate its global operations into StoneX Group Inc., a Fortune 100 financial services entity, enhancing StoneX's stature as a formidable player in the derivatives space. Subject to regulatory clearances, this merger, projected to finalize in Q3 2025, aims to pool resources for deeper market penetration, broadening StoneX's clearing capabilities given RJO's expansive client network. As part of the agreement, RJO's influential CEO, Gerry Corcoran, will transition into a senior corporate leadership role within StoneX, reinforcing continuity in customer relations and services. The transaction, celebrated for its strategic alignment of mutual values and market ambitions, has been facilitated by Broadhaven Capital Partners and Mayer Brown LLP as RJO's financial and legal advisors, respectively.
Sectors
- Financial Services
- Futures Brokerage
- Financial Technology
Geography
- United States – Both R.J. O'Brien and StoneX are headquartered in the United States and play significant roles in the U.S. futures and financial services market.
- Global – The companies involved have operations and clients spanning North America, Europe, Asia, and several other continents, highlighting their global reach.
Industry
- Financial Services – The article discusses a merger between two companies in the financial services sector, indicating their focus on trading, brokerage, and clearing services.
- Futures Brokerage – The primary industry of R.J. O'Brien, which specializes in futures brokerage and clearing operations.
- Financial Technology – Both companies focus on innovative trading and risk management solutions, making FinTech an essential aspect of their operations.
Financials
- 3.5 billion – Market capitalization of StoneX Group Inc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| R.J. O'Brien & Associates | Target | Company | The oldest independent futures brokerage and clearing firm in the U.S., serving global clients and introducing brokers. |
| StoneX Group Inc. | Bidding Company | Company | A Fortune 100 global financial services company, providing a wide array of trading and execution solutions. |
| Gerry Corcoran | CEO | Person | The CEO of R.J. O'Brien who will transition to a senior leadership role at StoneX. |
| Sean O'Connor | Executive Vice-Chairman | Person | Executive Vice-Chairman of StoneX Group, instrumental in the merger. |
| Broadhaven Capital Partners | Financial Advisor | Company | Serving as exclusive financial advisor to R.J. O'Brien in this transaction. |
| Mayer Brown LLP | Legal Advisor | Company | Providing legal advisory services to R.J. O'Brien in the merger process. |