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BGC Group expands energy and environmental brokerage services with acquisition of Sage Energy Partners

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BGC Group (Nasdaq: BGC) has acquired Sage Energy Partners, an energy and environmental brokerage firm, to expand its Energy, Commodities, and Shipping (ECS) business. This acquisition will broaden BGC's coverage in the U.S. to include biofuels, environmental products, NGLs, and petrochemicals. The move is expected to be immediately accretive and positions BGC as the world's first 'one-stop-shop' for environmental brokerage.

Sage, headquartered in Houston, Texas, specializes in refined products, biofuels, ethanol, carbon emissions, renewables, NGLs, and petrochemicals brokerage services. The firm's clients include major banks, hedge funds, oil & natural gas producers, chemical companies, refineries, and utilities.

This strategic acquisition aligns with BGC's global growth efforts and strengthens its position in the rapidly evolving energy and environmental markets, particularly in the U.S., which is a key growth area for BGC's ECS business.

BGC Group (Nasdaq: BGC) ha acquisito Sage Energy Partners, una società di servizi di brokeraggio energetico e ambientale, per espandere il proprio business Energy, Commodities e Shipping (ECS). Questa acquisizione ampiamente estenderà la copertura di BGC negli Stati Uniti per includere biocarburanti, prodotti ambientali, NGL e petrolchimici. Si prevede che questa mossa sia immediatamente accretiva e posizioni BGC come il primo 'one-stop-shop' al mondo per il brokeraggio ambientale.

Sage, con sede a Houston, Texas, è specializzata in servizi di brokeraggio di prodotti raffinati, biocarburanti, etanolo, emissioni di carbonio, energie rinnovabili, NGL e petrolchimici. I clienti della società includono grandi banche, fondi hedge, produttori di petrolio e gas naturale, aziende chimiche, raffinerie e utility.

Questa acquisizione strategica è in linea con gli sforzi di crescita globale di BGC e rafforza la sua posizione nei mercati energetici e ambientali in rapida evoluzione, particolarmente negli Stati Uniti, che rappresenta un'area chiave di crescita per il business ECS di BGC.

BGC Group (Nasdaq: BGC) ha adquirido Sage Energy Partners, una firma de corretaje energético y ambiental, para expandir su negocio de Energía, Productos Básicos y Transporte (ECS). Se espera que esta adquisición amplíe la cobertura de BGC en los EE.UU. para incluir biocombustibles, productos ambientales, NGL y petroquímicos. Se prevé que esta medida sea inmediatamente accretiva y posicione a BGC como la primera 'tienda integral' del mundo para corretaje ambiental.

Sage, con sede en Houston, Texas, se especializa en productos refinados, biocombustibles, etanol, emisiones de carbono, renovables, NGL y servicios de corretaje de petroquímicos. Sus clientes incluyen grandes bancos, fondos de cobertura, productores de petróleo y gas natural, empresas químicas, refinerías y servicios públicos.

Esta adquisición estratégica se alinea con los esfuerzos de crecimiento global de BGC y refuerza su posición en los mercados energéticos y ambientales en rápida evolución, particularmente en los EE.UU., que es una área clave de crecimiento para el negocio ECS de BGC.

BGC 그룹 (Nasdaq: BGC)는 세이지 에너지 파트너스를 인수했습니다. 이는 에너지 및 환경 중개업체로, BGC의 에너지, 상품 및 운송(ECS) 비즈니스를 확장하기 위한 것입니다. 이 인수는 BGC의 범위를 넓힐 것으로 예상되며, 미국에서 바이오 연료, 환경 제품, NGL 및 석유 화학 물질을 포함하게 됩니다. 이 조치는 즉각적인 이익 효과를 가져올 것으로 예상되며 BGC를 환경 중개업체의 '원스톱 샵'으로 자리매김하게 합니다.

휴스턴, 텍사스에 본사를 두고 있는 세이지는 정제된 제품, 바이오 연료, 에탄올, 탄소 배출량, 재생 가능 에너지, NGL 및 석유 화학 물질 중개 서비스에 전문화되어 있습니다. 이 회사의 고객으로는 주요 은행, 헤지 펀드, 석유 및 천연 가스 생산업체, 화학 회사, 정유소 및 유틸리티 회사들이 포함됩니다.

이 전략적 인수는 BGC의 글로벌 성장 노력과 일치하며, BGC의 ECS 비즈니스에 대한 주요 성장 영역인 미국의 빠르게 발전하는 에너지 및 환경 시장에서의 입지를 강화합니다.

BGC Group (Nasdaq: BGC) a acquis Sage Energy Partners, une société de courtage énergétique et environnemental, afin d'élargir son activité dans le domaine de l'énergie, des matières premières et du transport (ECS). Cette acquisition élargira la couverture de BGC aux États-Unis pour inclure les biocarburants, les produits environnementaux, les NGL et les pétrochimiques. Ce mouvement devrait s'avérer immédiatement rentable et positionner BGC comme le premier 'guichet unique' mondial pour le courtage environnemental.

Sage, dont le siège est situé à Houston, Texas, se spécialise dans les produits raffinés, les biocarburants, l'éthanol, les émissions de carbone, les énergies renouvelables, les NGL et les services de courtage pétrochimique. Les clients de l'entreprise comprennent de grandes banques, des fonds spéculatifs, des producteurs de pétrole et de gaz naturel, des sociétés chimiques, des raffineries et des services publics.

Cette acquisition stratégique s'inscrit dans les efforts de croissance mondiaux de BGC et renforce sa position sur les marchés de l'énergie et de l'environnement en évolution rapide, en particulier aux États-Unis, qui constitue un domaine de croissance clé pour l'activité ECS de BGC.

BGC Group (Nasdaq: BGC) hat Sage Energy Partners übernommen, eine Energie- und Umwelt-Brokerage-Firma, um sein Geschäft in den Bereichen Energie, Rohstoffe und Versand (ECS) auszubauen. Diese Akquisition wird die Abdeckung von BGC erweitern und in den USA Biokraftstoffe, Umweltprodukte, NGL und Petrochemikalien einschließen. Der Schritt wird voraussichtlich sofort gewinnbringend sein und positioniert BGC als den weltweit ersten 'One-Stop-Shop' für Umwelt-Brokerage.

Sage, mit Sitz in Houston, Texas, ist auf den Handel mit raffinierten Produkten, Biokraftstoffen, Ethanol, Kohlenstoffemissionen, erneuerbaren Energien, NGL und Petrochemikalien spezialisiert. Zu den Kunden des Unternehmens gehören Großbanken, Hedgefonds, Öl- und Gaskonzessionäre, Chemieunternehmen, Raffinerien und Versorgungsunternehmen.

Diese strategische Übernahme steht im Einklang mit den globalen Wachstumsanstrengungen von BGC und stärkt die Position des Unternehmens auf den sich rasch entwickelnden Energie- und Umweltmärkten, insbesondere in den USA, die ein Schlüsselwachstumsbereich für das ECS-Geschäft von BGC sind.

Positive
  • Immediate accretion to earnings expected from the acquisition
  • Expansion of BGC's energy brokerage services in the U.S.
  • Positioning as the world's first 'one-stop-shop' for environmental brokerage
  • Broadening of coverage to include biofuels, environmental products, NGLs, and petrochemicals
  • Strengthening of BGC's position in environmental and energy transition brokerage services
Negative
  • None.

Insights

BGC Group's acquisition of Sage Energy Partners is a strategic move that significantly expands its Energy, Commodities and Shipping (ECS) business. This deal is immediately accretive, indicating a positive impact on BGC's earnings per share.

The acquisition broadens BGC's service offerings in key areas:

  • Oil and refined products
  • Environmental and energy transition services
  • Biofuels and environmental products (through IVG Energy division)
  • NGLs and petrochemicals (through Liquidity Partners division)

This expansion positions BGC as a comprehensive provider in the environmental brokerage space, potentially increasing market share and revenue streams. The move aligns with the growing importance of environmental and sustainability-focused financial products.

For investors, this acquisition signals BGC's commitment to growth in high-potential sectors. The immediate accretive nature suggests a positive short-term impact on financials, while the expanded service offering could drive long-term revenue growth and market positioning.

The acquisition of Sage Energy Partners significantly enhances BGC Group's position in the evolving energy and environmental markets. This move is particularly noteworthy given the rapid growth of BGC's ECS business, now their second-largest global asset class.

Key strategic benefits include:

  • Expansion into biofuels and environmental products
  • Strengthened capabilities in NGLs and petrochemicals
  • Broader coverage in North American markets

The timing is crucial, as energy transition and environmental markets are experiencing substantial growth. By becoming a "one-stop-shop" for environmental brokerage, BGC is positioning itself to capitalize on increasing demand for these services.

Sage's client base, which includes major players across the energy supply chain, brings valuable relationships and potential for cross-selling opportunities. This could lead to increased market share and revenue diversification for BGC in the medium to long term.

NEW YORK, Oct. 10, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, today announced it recently acquired Sage Energy Partners, LP ("Sage"), an energy and environmental brokerage firm. This acquisition will expand BGC's energy brokerage services in the U.S. and support BGC's global growth efforts across its Energy, Commodities, and Shipping ("ECS") business.

The firm's ECS business has rapidly become the firm's second largest global asset class. With this acquisition, the firm expands its offering in oil and refined products and bolsters its position in environmental and energy transition brokerage services. In North America specifically, BGC's coverage area will broaden to include biofuels and an array of environmental products, through Sage's IVG Energy division, and NGLs and petrochemicals, through Sage's Liquidity Partners division. BGC expects this acquisition to be immediately accretive.

"Sage has built an impressive franchise that aligns seamlessly with our current client offering and enables us to become the world's first 'one-stop-shop' for environmental brokerage," said John Abularrage, Americas CEO and Global Co-Head of Brokerage at BGC Group. "This acquisition complements our existing portfolio and will enhance our capabilities in key growth sectors. We look forward to welcoming their talented team as we continue driving value for our clients."

"Sage has deep expertise in the rapidly evolving energy and environmental markets," said Randall Fenlon, Global Co-Head of ECS. "The U.S. is a key growth area for our ECS business, and the addition of Sage enables us to provide a truly comprehensive offering for our clients' needs."

Headquartered in Houston, Texas, Sage specializes in refined products, biofuels, ethanol, carbon emissions, renewables, NGLs and petrochemicals brokerage services. The firm's clients include companies and organizations from across the energy supply chain, including many of the world's largest banks, hedge funds, oil & natural gas producers, chemical companies, refineries, utilities and more.

About BGC Group, Inc.

BGC Group, Inc. (Nasdaq: BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. BGC's clients are many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms.

BGC and leading global investment banks and market making firms have partnered to create FMX, part of the BGC Group of companies, which includes a U.S. interest rate futures exchange, spot foreign exchange platform and the world's fastest growing U.S. cash treasuries platform.

For more information about BGC, please visit www.bgcg.com.

Discussion of Forward-Looking Statements about BGC

Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission ("SEC") filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

 

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SOURCE BGC Group, Inc.

FAQ

What company did BGC Group (BGC) acquire in October 2024?

BGC Group acquired Sage Energy Partners, an energy and environmental brokerage firm, in October 2024.

How will the acquisition of Sage Energy Partners impact BGC's business?

The acquisition will expand BGC's energy brokerage services in the U.S., broaden its coverage to include biofuels, environmental products, NGLs, and petrochemicals, and position BGC as the world's first 'one-stop-shop' for environmental brokerage.

What new markets will BGC Group (BGC) enter through this acquisition?

Through the acquisition, BGC will enter markets for biofuels, environmental products, NGLs (Natural Gas Liquids), and petrochemicals in North America.

Is the acquisition of Sage Energy Partners expected to be accretive for BGC Group (BGC)?

Yes, BGC Group expects the acquisition of Sage Energy Partners to be immediately accretive.

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