Add-on Acquisition • Business Services

StoneX Acquires Daniels Trading

On March 17, 2021, StoneX acquired business services company Daniels Trading

Acquisition Context
  • This is StoneX’s 6th transaction in the Business Services sector.
  • This is StoneX’s 9th transaction in the United States.
  • This is StoneX’s 3rd transaction in Illinois.

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M&A Deal Summary

Date March 17, 2021
Target Daniels Trading
Sector Business Services
Buyer(s) StoneX
Deal Type Add-on Acquisition

Target Company

Daniels Trading

Chicago, Illinois, United States
Daniels Trading is an independent introducing futures broker located in the heart of Chicago's financial district. Established by renowned commodity trader Andrew Daniels in 1995, Daniels Trading is built on a culture of trust committed to the firm's mission of independence, objectivity, and reliability.
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Buyer Overview 1

Buyer

StoneX

New York, New York, United States

Category Company
Founded 1924
Sector Financial Services
Employees4,620
Revenue 99.9B USD (2024)
DESCRIPTION

StoneX is a provider of execution and advisory services in commodities, currencies, and international securities. StoneX was founded in 1924 and is based in New York, New York.


Deal Context for Buyer #
Overall 16 of 22
Sector: Business Services 6 of 9
Type: Add-on Acquisition 9 of 15
State: Illinois 3 of 4
Country: United States 9 of 12
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Tigress Financial Partners

New York, New York, United States

Tigress Financial Partners is a financial services firm providing institutional and high net worth investors with expertise in investment banking, capital markets, research, corporate advisory, and global trade execution services, asset management, and global wealth management. Tigress Financial Partners was founded in 2011 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 CDI

Lausanne, Switzerland

CDI operates a global cotton merchant business with a strong network of producers in Brazil and West Africa, and buyers in the APAC region. CDI was formed in 1957 and is headquartered in Lausanne, Switzerland with an office in Brazil.

Buy -