M&A Deal Summary

StoneX Acquires Sterne Agee - Clearing and Independent Wealth Management Businesses

On June 27, 2016, StoneX acquired financial services company Sterne Agee - Clearing and Independent Wealth Management Businesses from Sterne Agee Group

Acquisition Highlights
  • This is StoneX’s 3rd transaction in the Financial Services sector.
  • This is StoneX’s 4th transaction in the United States.
  • This is StoneX’s 1st transaction in Alabama.

M&A Deal Summary
Date 2016-06-27
Target Sterne Agee - Clearing and Independent Wealth Management Businesses
Sector Financial Services
Buyer(s) StoneX
Sellers(s) Sterne Agee Group
Deal Type Divestiture

Target

Sterne Agee - Clearing and Independent Wealth Management Businesses

Alabama, United States
Sterne Agee - Clearing and Independent Wealth Management Businesses is a provider of financial services.

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Buyer(S) 1

Buyer

StoneX

New York, New York, United States
Category Company
Founded 1924
Sector Financial Services
Employees3,725
Revenue 60.9B USD (2023)
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 City.

DEAL STATS #
Overall 5 of 17
Sector (Financial Services) 3 of 7
Type (Divestiture) 2 of 6
State (Alabama) 1 of 1
Country (United States) 4 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 G.X. Clarke & Co

Jersey City, New Jersey, United States

G.X. Clarke & Co LP is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 PayCommerce - SWIFT Service Bureau

Princeton, New Jersey, United States

PayCommerce, Inc.'s SWIFT Service Bureau facilitates cross-border payments and accepts transactions for financial institutions, trade networks, and corporations, many of which are Fortune 100 companies.

Buy -

Seller(S) 1

SELLER

Sterne Agee Group

Birmingham, Alabama, United States
Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

Sterne Agee Group, Inc. is a financial services firms. It offers comprehensive wealth management and investment services to a diverse client base including corporations, municipalities and individual investors.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Sterne Agee Group - Institutional Equity business

United States

Sterne Agee Group - Institutional Equity business is a equity sales, trading and research Distribution platform.

Sell -
Mergr

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