StoneX's Transformational $900m Acquisition Takes R.J. O'Brien Global

Deal News | Apr 15, 2025 | EIN

StoneX's Transformational $900m Acquisition Takes R.J. O'Brien Global

StoneX Group, led by Sean OConnor, announced its acquisition of R.J. O'Brien for $900 million. This move aims to create a global leader in the derivatives market, enhancing StoneX's position in the global financial market structure. The acquisition brings 75,000 clients and expertise from R.J. O'Brien's experienced team. StoneX, a clearing member at over 40 exchanges, also expands its reach with trading capabilities across a diverse range of asset classes. R.J. O'Brien, with its strong presence in agricultural, fixed-income, and OTC products, complements StoneX's offerings. The acquisition is expected to close in the third quarter of 2025, following regulatory approvals. Financial synergies, including $50 million in cost savings, are anticipated over the next 24 months.

Sectors

  • Financial Services
  • Derivatives Market

Geography

  • United States – Both StoneX and R.J. O'Brien are U.S.-based companies, and the acquisition primarily influences the U.S. derivatives market.
  • Global – StoneX operates in over 20 countries, and the acquisition expands its global market position in derivatives trading.

Industry

  • Financial Services – The article discusses the acquisition of R.J. O'Brien by StoneX, both of which are significant players in financial services, particularly in derivatives trading.
  • Derivatives Market – The acquisition is directly related to the derivatives market, with both companies involved in trading, clearing, and settlement of derivatives.

Financials

  • $900 million – Purchase price of R.J. O'Brien by StoneX Group.
  • $143 million – Amount of subordinated debt StoneX will assume from R.J. O'Brien.
  • $766 million – R.J. O'Brien's revenue in the calendar year 2024.
  • $170 million – R.J. O'Brien's EBITDA in the calendar year 2024.
  • $50 million – Expected expense synergies from the merger to be realized in 24 months.

Participants

NameRoleTypeDescription
StoneX GroupAcquirerCompanyStoneX is a global financial services firm involved in derivatives trading, clearing, and settlement services.
R.J. O'BrienTarget CompanyCompanyR.J. O'Brien is the oldest U.S. futures brokerage firm, involved in derivatives trading and financial services.
Sean OConnorExecutive ChairmanPersonFounder and executive vice chairman of StoneX Group, spearheading the acquisition.
Gerry CorcoranChairman and CEO of R.J. O'BrienPersonCurrent chairman and CEO of R.J. O'Brien who will join the combined firm.
Bob OBrien, Jr.Board MemberPersonBoard member and representative of the majority shareholders of R.J. O'Brien, the O'Brien family.