StoneX to Acquire The Benchmark Company Enhancing Investment Banking Capabilities
Deal News | Mar 11, 2025 | Globenewswire
StoneX Group Inc., a Fortune 100 company headquartered in New York City, has announced a significant strategic acquisition of The Benchmark Company, LLC. This acquisition aims to amplify StoneX’s capabilities in equity and debt capital markets, particularly enhancing their equity research and investment banking offerings. The Benchmark Company, also based in New York City, is renowned for its robust sales and trading platforms, award-winning equity research, and experienced investment banking team. Richard Messina, the Founder and CEO of Benchmark, will remain in leadership and continue to drive the division within StoneX. The strategic rationale behind this acquisition is to build a franchise-level equity research and investment banking platform at StoneX, providing enhanced market insights and execution capabilities to institutional and commercial clients globally. Completion of the deal is subject to regulatory approval and customary closing conditions.
Sectors
- Investment Banking
- Equity and Debt Capital Markets
Geography
- United States – Both StoneX and The Benchmark Company are headquartered in New York City, which is central to the business activities mentioned in the article.
Industry
- Investment Banking – The Benchmark Company is a full-service investment banking firm, and StoneX aims to enhance its investment banking capabilities through this acquisition.
- Equity and Debt Capital Markets – The acquisition strengthens StoneX’s offerings in equity and debt capital markets, augmenting their equity research and providing an experienced investment banking team.
Financials
- Not disclosed – The financial terms of the acquisition agreement between StoneX and The Benchmark Company have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| StoneX Group Inc. | Acquirer | Company | A global financial services network company headquartered in New York, serving commercial and retail clients worldwide. |
| The Benchmark Company, LLC | Target Company | Company | A full-service investment banking firm based in New York City, known for its sales and trading platform and investment banking expertise. |
| Richard Messina | Key Executive | Person | Founder and CEO of The Benchmark Company who will continue to lead the division within StoneX. |
| Jacob Rappaport | Global Head of Equities | Person | An executive at StoneX, commenting on the strategic significance of the acquisition. |
| Anthony Di Ciollo | Global Head of Fixed Income | Person | An executive at StoneX, highlighting the partnership’s impact on their debt capital markets offering. |