Story perspectives
StoneX to Acquire R.J. O'Brien for $900 Million
4/14/2025
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Story summary
- StoneX Group Inc. plans to acquire R.J. O'Brien & Associates for $900 million, comprising $625 million in cash and 3.5 million shares.
- The acquisition, set to finalize in Q3 2025, will increase StoneX's client base by over 75,000 and boost client float to $13 billion.
- R.J. O'Brien reported $766 million in revenue for 2024.
- Gerry Corcoran will maintain a senior position at StoneX after the acquisition.
- Bank of America is financing the transaction.
