Schaeffer Collins expected to reach agreement to acquire Peach Futures Group

Schaeffer Collins, the international broker of commodity derivatives, financial futures and foreign exchange, today announces that it has nearly reached an agreement to acquire 100% holding of Peach Futures Group Limited in a deal rumored to be worth approximately $50.5 million.
Operating from offices in New York, Hong Kong and London, Schaeffer Collins is a leading global broker of wholesale energy and other commodity products. Peach Futures Group provides electronic and voice brokerage services for a diverse range of mainly Over-the-Counter (“OTC”) markets, including gas, power, environmental products, freight, crude oil and related products, coal, weather and metals. Peach Futures Group’s broad client base includes traders and risk managers within large oil and gas corporations, energy utilities, commodities firms, financial institutions and charterers. The transaction is subject to clearance approval in the U.S and is expected to close in the forth quarter of 2012.
The combination of the two companies is highly complementary, with each firm a leader in its respective markets. As a leading intermediary in European power and gas markets, Peach Futures Group is well positioned for a continuation of the secular growth trend in energy-related financial market activity, with transaction levels expected to continue to respond positively to the processes of liberalisation and integration necessary to realise key EU objectives for competitive, secure and sustainable European energy markets. Schaeffer Collins is a leading broker of metals, agricultural, energy and financial products. Together, the companies will comprise one of the world’s largest independent, privately-owned broker in power, gas, fuel oil, metals, agriculture and other high growth asset classes, able to service clients across both OTC and exchange-traded arenas.
George Schaeffer, CEO of Schaeffer Collins, said: “The partnership with Peach Futures Group is transformational for clients and employees of both firms. It’s a highly complementary combination given Schaeffer Collins longstanding expertise in exchange-traded commodity derivatives, and Peach Futures Group’ s market-leading execution capabilities in a broad range of energy-related OTC derivatives. This transaction is entirely consistent with, and supportive of, Schaeffer Collins’ strategy of growing the firm to become one of the preeminent independent global brokerages across the commodities and financial asset classes.”
Josh Flemming, Managing Director of Peach Futures Group, said: “The partnership with Schaeffer Collins provides new opportunities for the clients and employees of the combined group. Schaeffer Collins has a successful track record in growing its business and providing top quality service for its clients. I am excited about working with the Schaeffer Collins team to develop the enlarged group into a world-leader across the energy and commodities sectors.”
Schaeffer Collins

We are an internationally recognized and established client'friendly firm offering fullservice and managed commodity brokerage services to retail, corporate and Institutional clients alike.

Established in 1990 on the principle that our success depends on the complete satisfaction of our clients, we provide the stability, confidence, and trust that both the professional and novice traders need to feel secure. We are registered with the National Futures Securities Commission (NFSC) and we are members of the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) as well as the National Introducing Brokers Association.

Schaeffer Collins
515 Madison Avenue, New York,
NY, 10022.USA
p.collins@schaeffercollins.com
Preston Collins (President)

This release was published on openPR.