BGC Group Acquires OTC Global Holdings
April 1, 2025
BGC Group, Inc. entered into an agreement to acquire OTC Global Holdings, LP, the largest independent institutional energy and commodities brokerage firm, to expand and diversify its Energy, Commodities and Shipping business. The acquisition was completed in a substantially all-cash transaction for $325 million, with BGC acquiring 100% of OTC’s equity and subsidiaries.
- Buyers
- BGC Group, Inc.
- Targets
- OTC Global Holdings, LP
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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