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Lutnick Family’s BGC Group Buys Brokerage OTC for $325 Million

Summary by Bloomberg
BGC Group Inc., a financial firm controlled by the billionaire Lutnick family, bought brokerage OTC Global Holdings for $325 million in cash to expand its presence in energy and commodities.

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Lutnick Family’s BGC Group Buys Brokerage OTC for $325 Million

BGC Group Inc., a financial firm controlled by the billionaire Lutnick family, bought brokerage OTC Global Holdings for $325 million in cash to expand its presence in energy and commodities.

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BGC Completes Acquisition of OTC Global - Markets Media

BGC Group, a leading global brokerage and financial technology company, announced it completed its previously announced acquisition of OTC Global Holdings, LP (“OTC”), one of the world’s fastest growing energy and commodities brokerage firms, for $325 million in a substantially all-cash transaction. With the integration of OTC’s highly complementary product suite, BGC is poised to deliver even greater value to its clients and stakeholders as the…

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BGC Group Completes OTC Global Holdings Acquisition

The deal is expected to be immediately accretive, with OTC generating over $400 million in revenue in 2024, representing an acquisition multiple of less than 0.8 times revenue. “The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world’s premier energy, commodities, and shipping broker,” said Sean Windeatt, Co-CEO of BGC Group. OTC CEO Joe Kelly said the move was a “strategic and nat…

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BGC Group Completes Acquisition of OTC Global Holdings

BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, announced today it completed its previously announced acquisition of OTC Global Holdings, LP, one of the world’s fastest growing energy and commodities brokerage firms, for $325 million in a substantially all-cash transaction. With the integration of OTC’s highly complementary product suite, BGC is poised to deliver even greater value to its clients and s…

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citybiz broke the news in on Tuesday, April 1, 2025.
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