M&A Deal Summary

BGC Acquires Heat Energy Group

On February 14, 2014, BGC acquired energy services and equipment company Heat Energy Group

Acquisition Highlights
  • This is BGC’s 2nd transaction in the Energy Services and Equipment sector.
  • This is BGC’s 2nd transaction in the United States.
  • This is BGC’s 1st transaction in Florida.

M&A Deal Summary
Date 2014-02-14
Target Heat Energy Group
Sector Energy Services and Equipment
Buyer(s) BGC
Deal Type Add-on Acquisition

Target

Heat Energy Group

Juno Beach, Florida, United States
Heat Energy Group LLC ("HEAT") is an independent over-the-counter energy brokerage company focused on the regional term power markets and natural gas swaps.

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Buyer(S) 1

Buyer

BGC

New York, New York, United States
Category Company
Founded 1945
Sector Financial Services
Employees3,856
Revenue 2.0B USD (2023)
DESCRIPTION

BGC is a global brokerage company primarily servicing the wholesale financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. BGC was incorporated in 1945 and is based in New York City.

DEAL STATS #
Overall 9 of 21
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 8 of 20
State (Florida) 1 of 1
Country (United States) 2 of 8
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-03 eSpeed

New York, New York, United States

eSpeed operates a fully executable central limit order book for electronic trading in U.S. Treasuries.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 R P Martin

London, United Kingdom

R P Martin Limited is the holding company for Martin Brokers (MB) and Trio Equity Derivatives (TED) the two principal trading entities within the Group (Martins). Established more than 100 years ago Martins is the oldest money broking company in the world.

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