LandColt Trading, LLC is Acquired by The BlackBay Group in All-Cash Deal

Oct. 4, 2011 - PRLog -- LEWES, DELAWARE – October 4, 2011 – LandColt Trading, LLC, a specialized investment firm catering to hedge funds and professional money managers, has agreed to be acquired by The BlackBay Group in an all-cash transaction.  The transaction is expected to close in the fourth quarter of 2011.

The combination of BlackBay’s resources and infrastructure, along with LandColt Trading’s proven track record, is expected to be a tremendous added plus for clients and investors.  Both firms bring years of professional trading experience, and BlackBay’s deep relationships in the Midwest futures markets are expected to by synergistic with LandColt’s seasoned portfolio managers and distribution forces.

“The skills and reputation LandColt holds in the investment community are reasons alone to move forward with this transaction,” said BlackBay CEO and President, Todd Butterfield.  “With the addition of the LandColt offerings, our clients now have proven and seasoned track records to consider for all of their investment models.”

“LandColt Trading has evolved into one of Wall Street’s most trusted advocates for individual and professional investors,” said LandColt Trading’s Managing Director, Todd M. Schoenberger.  “I know this buyout is the right decision for our clients and employees.”

The terms of the agreement include an executive role for Mr. Schoenberger.  The closing of the acquisition is subject to customary closing conditions and LandColt Trading, LLC advisory client approval.  The acquisition is expected to be completed in the fourth quarter of 2011 and accretive to BlackBay’s earnings in 2012.  Upon the close of the acquisition, LandColt Trading, LLC will operate as a wholly-owned operating subsidiary of The BlackBay Group.
 
LandColt Trading is expected to shutter its Delaware and Maryland offices, and relocate all personnel to New York City.  

About BlackBay Futures Group

The BlackBay Futures Group is an introducing broker which offers commodity brokerage services, as well as structuring alternative investment products for institutional and individual investors.  The firm offers clients direct access to managed futures managers (CTA), hedge funds, fund of funds, and commodity funds (CPO).

BlackBay Futures will work with a client in the selection of a manager, or a diversified portfolio of managers based on a client’s profit target, volatility and risk tolerance, and intended holding period.

Along with being headquartered in Payson, Illinois, BlackBay will have offices in Chicago, Illinois, St. Louis, Missouri and Winter Park, Florida.

For more information on BlackBay, please visit the firm’s corporate website at www.TheBlackBayGroup.com, or blog at www.TheBlackBayGroupBlog.com.  

In addition, be sure to join The BlackBay Group Community via Facebook and Twitter for more frequent updates.


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The BlackBay Group offers a number of services to help you attain your financial goals. Whether it be stocks, bonds, mutual funds, commodities, or the numerous choices in the alternative investment space.

BlackBay Capital Advisors provides customized investment services on a fee-only basis. This eliminates potential conflicts of interest associated with being compensated based upon commissions charged to your account. Therefore, every recommendation we make is in the client’s best interest, as the client’s satisfaction is our only goal.