BGC Group Acquires OTC Global Holdings for $325 Million

By Tamara Parker • Tuesday, April 01 15:12 • Permanent Link

BGC Group, Inc. has successfully completed the acquisition of OTC Global Holdings, LP for $325 million in an all-cash transaction. The acquisition is expected to be immediately accretive and generate significant value for clients and shareholders.

OTC Global Holdings, LP generated revenues of over $400 million for the full year 2024, representing an acquisition multiple of less than 0.8 times revenue. This indicates a favorable valuation for the acquisition. BGC Group anticipates the acquisition to have a positive immediate impact.

The integration of OTC's product suite positions BGC Group as the leading global energy, commodities, and shipping brokerage firm. This move is set to redefine the global ECS landscape and deliver substantial value to clients and shareholders.

The transaction was not included in BGC's first quarter 2025 outlook issued on February 14, 2025, and its updated outlook issued on March 26, 2025, as the acquisition was completed following the end of the first quarter 2025.

This acquisition, along with the recent acquisition of Sage Energy, marks a significant step in BGC Group's growth strategy, firmly establishing ECS as the company's largest asset class.

Jefferies, LLC served as the exclusive financial advisor to OTC Global Holdings, LP.

BGC Group, Inc. (NASDAQ: BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and the FMX futures exchange. As a result of these announcements, the company's shares have moved -0.1% on the market, and are now trading at a price of $9.16. For more information, read the company's full 8-K submission here.

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