StoneX to Acquire The Benchmark Company, Adding Capabilities in Investment Banking
StoneX Group Inc. (NASDAQ: SNEX) has announced the acquisition of The Benchmark Company, , a full-service investment banking firm. The strategic move aims to enhance StoneX's capabilities in equity and debt capital markets, particularly strengthening its equity research and investment banking services.
Benchmark, headquartered in New York City with nationwide operations, brings over 35 years of experience in client service, market access, and industry expertise. The firm's Founder and CEO, Richard Messina, will continue leading the division within StoneX.
The acquisition will establish a franchise-level equity research and investment banking platform at StoneX, leveraging Benchmark's research capabilities and StoneX's global distribution network. The transaction, which is subject to regulatory approval and customary closing conditions, is expected to enhance service delivery to institutional and commercial clients in global capital markets.
StoneX Group Inc. (NASDAQ: SNEX) ha annunciato l'acquisizione di The Benchmark Company, una società di investment banking a servizio completo. Questa mossa strategica ha l'obiettivo di potenziare le capacità di StoneX nei mercati dei capitali azionari e del debito, rafforzando in particolare i suoi servizi di ricerca azionaria e di investment banking.
Benchmark, con sede a New York City e operazioni a livello nazionale, porta con sé oltre 35 anni di esperienza nel servizio clienti, accesso al mercato e competenza settoriale. Il fondatore e CEO della società, Richard Messina, continuerà a guidare la divisione all'interno di StoneX.
L'acquisizione stabilirà una piattaforma di ricerca azionaria e investment banking a livello di franchising presso StoneX, sfruttando le capacità di ricerca di Benchmark e la rete di distribuzione globale di StoneX. La transazione, soggetta ad approvazione normativa e condizioni di chiusura abituali, dovrebbe migliorare la qualità del servizio offerto ai clienti istituzionali e commerciali nei mercati globali dei capitali.
StoneX Group Inc. (NASDAQ: SNEX) ha anunciado la adquisición de The Benchmark Company, una firma de banca de inversión de servicio completo. Este movimiento estratégico tiene como objetivo mejorar las capacidades de StoneX en los mercados de capitales de deuda y acciones, fortaleciendo particularmente sus servicios de investigación de acciones y banca de inversión.
Benchmark, con sede en la ciudad de Nueva York y operaciones a nivel nacional, aporta más de 35 años de experiencia en servicio al cliente, acceso al mercado y experiencia en la industria. El fundador y CEO de la firma, Richard Messina, continuará liderando la división dentro de StoneX.
La adquisición establecerá una plataforma de investigación de acciones y banca de inversión a nivel de franquicia en StoneX, aprovechando las capacidades de investigación de Benchmark y la red de distribución global de StoneX. La transacción, que está sujeta a la aprobación regulatoria y a las condiciones habituales de cierre, se espera que mejore la entrega de servicios a clientes institucionales y comerciales en los mercados de capitales globales.
StoneX Group Inc. (NASDAQ: SNEX)는 전체 서비스 투자 은행인 The Benchmark Company의 인수를 발표했습니다. 이 전략적 결정은 StoneX의 주식 및 채무 자본 시장에서의 역량을 강화하고, 특히 주식 연구 및 투자 은행 서비스의 강화를 목표로 하고 있습니다.
Benchmark는 뉴욕시에 본사를 두고 있으며, 전국적으로 운영되고 있으며, 고객 서비스, 시장 접근 및 산업 전문성에서 35년 이상의 경험을 보유하고 있습니다. 회사의 창립자이자 CEO인 Richard Messina는 StoneX 내에서 부서를 계속 이끌 것입니다.
이번 인수는 Benchmark의 연구 능력과 StoneX의 글로벌 유통 네트워크를 활용하여 StoneX에 프랜차이즈 수준의 주식 연구 및 투자 은행 플랫폼을 구축할 것입니다. 이 거래는 규제 승인 및 일반적인 종료 조건에 따라 달라지며, 글로벌 자본 시장에서 기관 및 상업 고객에게 서비스 제공을 향상시킬 것으로 예상됩니다.
StoneX Group Inc. (NASDAQ: SNEX) a annoncé l'acquisition de The Benchmark Company, une société de banque d'investissement à service complet. Ce mouvement stratégique vise à renforcer les capacités de StoneX sur les marchés des capitaux propres et de la dette, en particulier en renforçant ses services de recherche sur les actions et de banque d'investissement.
Benchmark, dont le siège est à New York et qui opère à l'échelle nationale, apporte plus de 35 ans d'expérience en service client, accès au marché et expertise sectorielle. Le fondateur et PDG de la société, Richard Messina, continuera à diriger la division au sein de StoneX.
L'acquisition établira une plateforme de recherche sur les actions et de banque d'investissement au niveau de la franchise chez StoneX, en s'appuyant sur les capacités de recherche de Benchmark et le réseau de distribution mondial de StoneX. La transaction, soumise à l'approbation réglementaire et aux conditions de clôture habituelles, devrait améliorer la prestation de services aux clients institutionnels et commerciaux sur les marchés mondiaux des capitaux.
StoneX Group Inc. (NASDAQ: SNEX) hat die Übernahme der Benchmark Company, einer Full-Service-Investmentbank, angekündigt. Dieser strategische Schritt zielt darauf ab, die Fähigkeiten von StoneX in den Bereichen Eigenkapital- und Schuldenkapitalmärkte zu verbessern, insbesondere die Dienstleistungen in der Aktienforschung und Investmentbanking zu stärken.
Benchmark hat seinen Hauptsitz in New York City und ist landesweit tätig und bringt über 35 Jahre Erfahrung im Kundenservice, Marktzugang und Branchenwissen mit. Der Gründer und CEO des Unternehmens, Richard Messina, wird die Abteilung innerhalb von StoneX weiterhin leiten.
Die Übernahme wird eine Franchise-Ebene für Aktienforschung und Investmentbanking bei StoneX etablieren, indem die Forschungskompetenzen von Benchmark und das globale Vertriebsnetz von StoneX genutzt werden. Die Transaktion, die der regulatorischen Genehmigung und den üblichen Abschlussbedingungen unterliegt, wird voraussichtlich die Servicebereitstellung für institutionelle und kommerzielle Kunden auf den globalen Kapitalmärkten verbessern.
- Expansion into equity research and investment banking services
- Access to Benchmark's established 35-year market presence
- Enhancement of debt capital markets capabilities
- Retention of key leadership with Benchmark's CEO continuing role
- Regulatory approval pending and could delay or affect closing
- Integration costs and challenges may impact short-term performance
Insights
StoneX's acquisition of The Benchmark Company represents a strategic expansion of their financial services capabilities, particularly strengthening their position in the higher-margin investment banking sector. This move appears designed to create a more comprehensive financial services platform by adding Benchmark's equity research, capital markets expertise, and investment banking capabilities to StoneX's existing global infrastructure.
The acquisition addresses a clear strategic gap in StoneX's service offering, potentially enabling more comprehensive client relationships and cross-selling opportunities. By retaining Benchmark's founder and CEO Richard Messina, StoneX is likely aiming to preserve client relationships and institutional expertise while integrating the firm into their broader ecosystem.
The transaction should enhance StoneX's competitive positioning against larger financial institutions by enabling them to offer more sophisticated capital markets services. While financial terms weren't disclosed, this appears to be a capabilities-focused acquisition rather than merely a financial investment, suggesting long-term strategic thinking by StoneX's management.
From an operational perspective, the complementary nature of Benchmark's services indicates potential for revenue synergies across StoneX's existing trading and financial services businesses, particularly in enhancing their debt capital markets offering through integration with their global fixed income distribution network.
This acquisition represents a capabilities-enhancing transaction for StoneX, enabling vertical integration of investment banking services into their existing financial services platform. The strategic rationale appears sound - Benchmark brings 35+ years of specialized expertise in equity research and investment banking that would be difficult and time-consuming for StoneX to build organically.
The structure of keeping Benchmark's leadership team intact, particularly founder Richard Messina, suggests a thoughtful approach to integration that prioritizes business continuity and retention of key talent. This is important in people-driven businesses like investment banking where client relationships and institutional knowledge represent significant value.
From a competitive standpoint, this acquisition positions StoneX to capture more of the financial services value chain with existing clients while attracting new ones through enhanced capabilities. The addition of equity research capabilities is particularly valuable as it can drive trading activity and investment banking mandates across StoneX's platform.
While transaction terms weren't disclosed, the strategic complementarity suggests this deal was pursued primarily for growth and capability expansion rather than cost synergies. The regulatory approval process mentioned is standard for financial services acquisitions and unlikely to present significant obstacles given the complementary nature of the businesses and absence of major competitive overlaps.
NEW YORK, March 11, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX) has signed an agreement to acquire The Benchmark Company, LLC (“Benchmark”). This strategic acquisition will strengthen StoneX’s offerings in equity and debt capital markets, with significant enhancements in equity research and investment banking.
The Benchmark Company is a full-service investment banking firm offering a robust sales and trading platform, award-winning equity research, and a highly experienced investment banking team. Headquartered in New York City and operating nationwide, Benchmark has been delivering exceptional client service, market access, and deep market and industry expertise for over 35 years. Richard Messina, Founder and CEO of Benchmark, will continue in his role, leading the division within StoneX.
Jacob Rappaport, Global Head of Equities at StoneX, commented:
“The acquisition of Benchmark establishes a franchise-level equity research and investment banking platform at StoneX, significantly elevating our equities capabilities. This strategic move strengthens our ability to deliver deep market insights, superior execution, and comprehensive solutions to institutional and commercial clients in global capital markets.”
Richard Messina, Founder and CEO of Benchmark, added:
“By integrating StoneX’s exceptional capabilities and global reach, we can amplify our legacy platform and drive significant value for our clients. This marks an exciting new chapter of growth for Benchmark, with a shared commitment to accelerating StoneX’s impressive growth trajectory.”
Anthony Di Ciollo, Global Head of Fixed Income at StoneX, stated:
“The addition of Benchmark’s research and expertise significantly enhances our expanding debt capital markets offering. This partnership will leverage our extensive global fixed income distribution network and drive mutual success, delivering even greater value to our clients worldwide.”
Completion of the transaction is subject to regulatory approval and customary closing conditions.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 70 offices spread across six continents. Further information on the Company is available at www.stonex.com.
About The Benchmark Company
Founded in 1988 and headquartered in New York City, The Benchmark Company, LLC, is an institutionally focused firm specializing in research, sales and trading, and investment banking services. With operations across the United States, Benchmark is dedicated to promoting client success by delivering superior service, market access, and in-depth industry expertise. Further information on the Company is available at www.benchmarkcompany.com.
Inquiries please contact:
Jacob Rappaport at jake.rappaport@stonex.com
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