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StoneX Group Inc. expands with acquisition of JBR Recovery Ltd. to strengthen its position in the precious metals market

Oct 09, 2024about 1 year ago

Acquiring Company

StoneX Group

Acquired Company

JBR Recovery Ltd

New YorkWest MidlandsFinancial ServicesRetailMineralPrecious MetalsMiningManufacturing

Description

StoneX Group Inc., a prominent financial services firm, has strategically acquired JBR Recovery Ltd., a UK-based leader in precious metal recovery and refining. This acquisition marks a strategic expansion of StoneX's metals offering, enabling the company to control a significant portion of the supply chain and meet increasing demand for recycled silver. The acquisition is expected to bolster StoneX's position in the precious metals market by incorporating JBR's expertise and capabilities into its comprehensive service offerings.

Company Information

Company

StoneX Group

Location

New York, New York, United States

About

StoneX Group Inc is the owner of retail FX brands such as FOREX.com and City Index.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed