COSTA MESA, Calif. (June 3, 2009) – OTC Global Holdings LP, a leading independent interdealer broker in over-the-counter energy commodities, has acquired Futures International, LLC, an independent commodities broker specializing in agricultural futures contracts and options. Transaction terms were not disclosed.
McGladrey Capital Markets LLC initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Futures International.
“The acquisition of Futures International will significantly add to OTC Global Holdings’ growing presence in the agricultural space and increase the diversity of the commodities and complex instruments it brokers,” said Chris Dedic, vice president at McGladrey Capital Markets.
“Futures International’s reputation as a premier agricultural broker, along with their experienced management team and marquee clients will be a valuable addition to OTC Global Holdings and enhance their ability to meet client needs,” said Brad Schreiber, managing director at McGladrey Capital Markets.
About OTC Global Holdings LP
OTC Global Holdings (www.otcgh.com) was formed in 2007 and is headquartered in Houston and New York. With offices in Houston, New York and Jersey City, OTC Global Holdings is a leading independent interdealer broker in OTC energy commodities and the largest liquidity provider to the NYMEX ClearPort platform. The company holds industry-leading market share in the U.S. and Canadian natural gas markets and the Texas power market. Its portfolio of brokers includes Black Barrel, Choice Natural Gas, Choice Power, Elite Brokers, EOX Holdings, Infinity, Ion Energy, Pinnacle Derivatives, Power Merchants Group, PVO Energy and Valence Energy. The company serves more than 225 institutional clients, including 45 members of the Fortune 500.
About Futures International, LLC
Futures International (www.futures-international.net) is an independent commodities broker based in Chicago specializing in agricultural futures contracts and options. The company’s client base includes crushing facilities, feed mills, food processors, importers, and fund-related businesses. Futures International was established in 2004 and is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider.
McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.
CONTACT:
McGladrey Capital Markets LLC
Kelly Osborne, Vice President
714.327.8880
kosborne@mcgladreycm.com