BGC Group closes $325M cash acquisition of OTC Global Holdings, energy brokerage

BGC Group, Inc.

Acquisition of OTC Global Holdings closed April 1, 2025; $325 million substantially all-cash consideration.
OTC generated over $400M revenue in 2024; acquisition multiple below 0.8x revenue. Expected immediately accretive.
BGC says deal positions it as the world's premier energy, commodities, and shipping brokerage firm.
OTC's CEO Joe Kelly to continue driving growth; deal follows Sage Energy acquisition, makes ECS BGC's largest asset class.

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