May 1, 2018
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MARS Energy Founding Partners acquire Schneider Trading Associates Limited
Schneider Holdings London Limited (SHL) sells a controlling stake in Schneider Trading Associates Limited (STA) to the partners of MARS Energy LLP (MARS).
MARS Energy has been a long-standing client of STA, and together the two firms have grown and developed the MARS’s energy desk to become one of the largest independent oil futures execution operations in the world. The acquisition formalises the long and productive partnership whilst forging closer links between the firms enables a focussed growth program, aiming to outperform the balance of the brokerage space for many years to come.
The Founding Partners of MARS Energy LLP believe that “Since the inception of MARS Energy, the aim of providing top quality execution and information services has enabled us to become one of the leading oil & gas derivative brokers across the barrel with unrivalled access to deep liquidity and knowledge of market condition. The acquisition of STA is an important aspect of our continued growth plans and will undoubtedly provide opportunities for expansion in the energy brokerage spectrum during industry consolidation phases.  We believe this acquisition will allow our brokerage services to continue to be innovative and adapt to our customers’ needs.”
Ronnie Riddle, Managing Director of STA is to stay with the firm and will be working closely with the MARS Founding Partners as they steer STA into the future together; he comments “As the synergies of working closely became more apparent over the years, the acquisition of STA by the MARS Founding Partners is a natural strategic development at an optimal point in both parties’ evolution paths.  I am excited at the prospect of a focussed energy derivative brokerage firm, committed to excellence and providing value for our customers from end-toend throughout the trade cycle and I look forward to working with Ronnie, Matt and Adam and the rest of the MARS Energy team”

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