Commodities
StoneX Buys Advanced Marketing Group to Grow Feed Trade
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StoneX (SNEX ) Group said on August 19, 2026 that it has acquired Advanced Marketing Group, a merchandiser of feed, pet food ingredients, and organic fertilizer, folding the business into its StoneX Supply & Trading unit and extending a Commercial-segment product line whose net operating revenues grew 162% year over year into a new commodity: animal-based protein.
Terms of the transaction were not disclosed. What the acquisition announcement does disclose is the shape of what StoneX bought. Founded in 2010 and headquartered in Wilsonville, Oregon, Advanced Marketing Group (AMG) trades animal protein-based feed ingredients and manufactures organic fertilizers, serving pet-food manufacturers, dairy and poultry producers, feed mills, feedlots, and fertilizer brands. Its roughly 20 trading and operations professionals operate across Oregon, Kansas, Texas, and Virginia, plus Canada, supported by a network of trans-load and storage locations.
StoneX framed the deal around three additions to its feed-ingredients platform: new underliers in animal-based protein, an expanded client base, and North American geographic reach. AMG, for its part, gets a larger balance sheet behind it.
“AMG brings an established, well-run feed-ingredients business with supplier relationships and ‘approved supplier’ status that are hard to replicate. Additionally, we anticipate expanding our share of client feed and ingredient needs as we collaborate across other StoneX business units,” said Brent Grecian, CEO of StoneX Supply & Trading, in the release.
AMG owners Ted Skinner and Pete Schoonveld said StoneX gives the business “the capital and infrastructure to grow in ways we couldn’t on our own.”
The Business Line the Deal Extends
The acquisition lands on the part of StoneX that has been compounding hardest. In the fiscal third quarter ended June 30, 2026, physical contracts, the product line covering StoneX’s physical commodities trading, which includes its supply and trading operations, generated $87.4 million in net operating revenues, up 162% from $33.3 million in the prior-year quarter, according to the company’s fiscal 2026 third-quarter results released August 5, 2026. For the nine months ended June 30, 2026, the line reached $387.4 million, up 144%.
The Commercial segment that houses it reported $326.4 million in quarterly net operating revenues, up 90% year over year, and segment income of $181.4 million, up 119%. Consolidated, StoneX reported quarterly net operating revenues of $719.7 million, up 47%, net income of $127.9 million, up 102%, and diluted earnings per share of $1.00, up 85%, per-share figures retroactively adjusted for the three-for-two stock split effected July 17, 2026.
By the Numbers
- AMG founded: 2010; headquarters in Wilsonville, Oregon
- Roughly 20 AMG trading and operations professionals across four U.S. states and Canada
- StoneX physical contracts net operating revenues, fiscal Q3 2026: $87.4 million, up 162% year over year
- Commercial segment net operating revenues, fiscal Q3 2026: $326.4 million, up 90%; segment income of $181.4 million, up 119%
- Consolidated fiscal Q3 2026: net operating revenues of $719.7 million, up 47%; net income of $127.9 million, up 102%
- Stockholders’ equity at June 30, 2026: $2.84 billion; net asset value per share of $23.70, up 32% year over year
A Third Deal in Thirteen Months
AMG is StoneX’s second announced acquisition in seven days and its third since last summer. On August 12, 2026, the company announced a definitive agreement to acquire Banco Travelex, Brazil’s first bank dedicated exclusively to foreign exchange operations, with the combined operation expected to handle approximately $6 billion in annual volume across roughly 20,000 clients. That transaction is expected to close within 12 months, subject to approval by the Central Bank of Brazil.
Both follow the largest acquisition in the company’s history: the purchase of R.J. O’Brien, effective July 31, 2025, for $610.6 million in cash, part-funded by a $625 million senior secured notes offering that closed July 8, 2025. RJO contributed $78.8 million of net operating revenue in the fiscal third quarter of 2026 alone, per the company’s earnings presentation, and acquisitions overall added $48.5 million to fixed compensation and other expenses versus the prior-year quarter: the integration cost line that shows what absorbing deals of this kind runs.
The pattern across the three transactions is consistent: RJO bought listed-derivatives scale and client balances, Banco Travelex buys regulated payments infrastructure in Brazil, and AMG buys supplier relationships and physical footprint in a commodity category StoneX did not previously trade.
What the Disclosure Does Not Say
StoneX did not disclose a purchase price, financing structure, or expected earnings contribution for AMG — consistent with a roughly 20-person bolt-on against a company with $2.84 billion in stockholders’ equity at June 30, 2026. The release describes the acquisition as completed, with no regulatory-approval conditions attached, unlike the Banco Travelex agreement announced the prior week. Any purchase accounting detail would surface first in the company’s next quarterly report, covering the period ending September 30, 2026.
