BGC Group, Inc. (NASDAQ:BGC), a global brokerage and financial technology company, today announced it recently acquired Sage Energy Partners, LP, 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…
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