---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-026774"
form_type: "8-K"
ticker: "BGC"
cik: "0001094831"
company_name: "BGC Group, Inc."
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T00:19:16.512355+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-026774
- form_type: 8-K
- ticker: BGC
- cik: 0001094831
- company_name: BGC Group, Inc.
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1094831/000121390025026774/0001213900-25-026774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1094831/000121390025026774/ea0236252-8k_bgc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-026774
- JSON: https://secwatch.observer/filing/0001213900-25-026774.json
- Plain text: https://secwatch.observer/filing/0001213900-25-026774.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.