INTL FCStone Inc. (Nasdaq: INTL) has purchased Sinclair & Co.
Sinclair, headquartered in Twin Falls, Idaho, is a commodities futures broker. Terms of the deal were not disclosed.
New York-based INTL FCStone made the acquisition through subsidiary FCStone LLC. The companies provide execution and advisory services for commodities, currencies and international securities.
The acquisition should add additional services to the buyer. For Sinclair customers, the deal will allow them a wider range of financial products.
For more on the financial services sector, see "Financial Services Sector is Teeming with Targets."