GFI buys Starsupply

Headquartered in New Jersey, Starsupply had revenues of over $23 million in 2004. GFI is acquiring all Starsupply's North American brokerage operations for just over $15 million in cash. The transaction is scheduled to close before the end of September.

Starsupply has 30 brokerage personnel and operates nine energy-related desks, including petroleum feedstocks, petroleum products, crude oil, petrochemicals, product derivatives, crude derivatives, crude and product options, fuel oil and gas