Commodities broker Marex Spectron, Ltd. agreed to acquire independent futures commission merchant Rosenthal Collins Group LLC's customer business.
The deal is expected to be completed in January. Marex Spectron will acquire the Rosenthal Collins Group name and brand in addition to gaining 14,000 client accounts and balances, 150 associated staff and Rosenthal Collins' Chicago headquarters.
Upon merger completion, Rosenthal Collins chairman and CEO Scott Gordon will be vice chairman of the Marex Spectron RCG division and Rosenthal Collins president and CFO Jason Manumaleuna will be CEO of the division.
Barclays is the financial adviser of Rosenthal Collins for the transaction.