M&A Deal Summary

ICE Acquires Shorcan Energy Brokers

On October 27, 2017, ICE acquired business services company Shorcan Energy Brokers from TMX

Acquisition Highlights
  • This is ICE’s 2nd transaction in the Business Services sector.
  • This is ICE’s 4th transaction in Canada.
  • This is ICE’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2017-10-27
Target Shorcan Energy Brokers
Sector Business Services
Buyer(s) ICE
Sellers(s) TMX
Deal Type Divestiture

Target

Shorcan Energy Brokers

Calgary, Alberta, Canada
Shorcan Energy Brokers, Inc. is a provider of brokerage services for the North American crude oil markets. Shorcan Energy Brokers is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

ICE

Atlanta, Georgia, United States
Category Company
Founded 2000
Sector Financial Services
Employees8,911
Revenue 9.9B USD (2023)
DESCRIPTION
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.

ICE is a network of regulated exchanges and clearing houses. The company's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. ICE was formed in 2000 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 21 of 29
Sector (Business Services) 2 of 2
Type (Divestiture) 8 of 9
State (Alberta) 2 of 2
Country (Canada) 4 of 4
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Trayport

London, United Kingdom

Trayport Ltd. is a provider of an electronic trading systems and matching engine solutions for broking, exchange, and trading markets in the United Kingdom and internationally. Trayport was founded in 1992 and is based in London, United Kingdom.

Sell €550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 BondPoint

New York, New York, United States

Creditex Securities Corp. is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its alternative trading system (ATS) linking more than 500 financial services firms.

Buy $400M

Seller(S) 1

SELLER

TMX

Toronto, Ontario, Canada
Category Company
Founded 2011
Sector Financial Services
Employees1,910
Revenue 1.2B CAD (2023)
DESCRIPTION

TMX is an integrated, multi-asset class exchange group. TMX Group's businesses operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. It also provide clearing facilities, data products and other services to the international financial community. TMX was founded in 2011 and is based in Toronto, Ontario.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 1 of 1
Type (Divestiture) 5 of 5
State (Alberta) 2 of 2
Country (Canada) 3 of 3
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Natural Gas Exchange

Calgary, Alberta, Canada

Natural Gas Exchange, Inc. is a provider of electronic trading, central counterparty clearing and data services to the North American natural gas, electricity and oil markets. Natural Gas Exchange is based in Calgary, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 American Stock Transfer & Trust

Brooklyn, New York, United States

American Stock Transfer & Trust Co. LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was established in 1971 and is based in Brooklyn, New York.

Buy $165M
Mergr

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