Marex Spectron acquires Starsupply and rebrands to Marex
The announced rebranding has no bearing on the company’s legal registered entities which remain unchanged. Subsidiary companies will all retain their existing brand names, whilst the Spectron brand continues within the energy brokerage division.
Marex Spectron has decided to rebrand to Marex as simplifying the name and introducing a new logo is a clearer reflection of today’s wider business mix. The new website, marex.com, was launched earlier this month.
The former name dates back to 2011, when Marex acquired Spectron, the OTC energy broker. The business has since vastly increased in scale, scope, and headcount, with multiple new offerings and business lines.
The firm has most recently acquired Starsupply, a leading Rotterdam-based broker of physical oil products, as it expands its presence in specialist commodity markets.
This move follows other successful transactions completed over the past year that have included, equity derivatives firm XFA in Chicago, recycled metals market-maker Tangent Trading in London, and equity volatility market maker, BIP Asset Management in Paris.
Marex has also demonstrated success in growing acquired firms with, for example, Marquee Oil, a fuel oil physical broker which was acquired in December 2019 almost doubling its 2020 revenue under Marex’s stewardship.
The announced rebranding has no bearing on the company’s legal registered entities which remain unchanged. Subsidiary companies will all retain their existing brand names, whilst the Spectron brand continues within the energy brokerage division.
In 2019, Marex completed the acquisition of the customer business of Chicago-based Rosenthal Collins Group LLC. Through the acquisition, Marex Spectron maintained the RCG name and brand, 14,000 client accounts and balances, 150 associated staff and the Chicago headquarters.
The acquisition enhanced Marex Spectron’s business, with the addition of RCG’s history, brand, expertise, large client base and extensive introducing broker network.
The deal also expanded Marex Spectron’s agriculture business, which is based in London and New York, and has historically been more focused on sugar, cocoa, and coffee markets, with the addition of RCG’s presence in grains and livestock. Furthermore, the deal will take Marex Spectron’s US clearing offering to a broader client base.
