News & Events zu Marygold Companies Inc (MGLD)MGLDMarygold Companies Inc

Madison Dearborn Partners Acquires Marygold for $2.00 per Share in Cash

Madison Dearborn Partners announced that funds managed by MDP have entered into a definitive agreement to acquire all of the outstanding shares of The Marygold Companies to become a privately held company in an all-cash transaction. Under the terms of the agreement, Marygold stockholders will receive $2.00 per share in cash. The per share purchase price represents a premium of 100% over the Company's closing share price on September 24. Marygold is the holding company of USCF, a leading commodity-focused ETF manager with ~$6B in AUM across a broad offering of exchange-traded funds. USCF's products and funds are liquid and actively traded, serving a diverse array of institutional and retail clients with category-defining positions in oil, natural gas, copper, broad commodity index, and equity income solutions: asset classes with strong structural demand and geopolitical relevance. Following the close of the transaction and at the appropriate time, MDP and Marygold leaders will execute on the Company's previously announced transformation strategy to refocus the business on USCF. MDP's investment in the Company will provide long-term capital, resources, and strategic support, leveraging the Firm's proven expertise in financial services, to advance product innovation, distribution, and marketing strategies for USCF. MDP and Tim Rotolo, in close partnership with USCF's deep bench of experienced investment professionals, will build on USCF's robust foundation, with a focus on operational excellence, product optimization, strong sub-advisory relationships, and client empowerment. The transaction is expected to close during the first half of 2027 or earlier, upon satisfaction of customary closing conditions, including the approval of Marygold stockholders, regulatory approvals and certain change-of-control approvals. The Marygold Board has voted unanimously to approve the transaction. Certain stockholders of Marygold, including Nicholas Gerber, who collectively beneficially own approximately 75% of Marygold's outstanding shares, have entered into voting and support agreements pursuant to which they have agreed to vote their shares in favor of the transaction subject to customary exceptions. Upon completion of the transaction, Marygold will become a privately held company and its common stock will no longer be listed on the New York Stock Exchange.

The Marygold Companies to sell subsidiary Brigadier Security Systems for $2.2M

The Marygold Companies announced that it has entered into a stock purchase agreement to sell its wholly owned Canadian subsidiary, Brigadier Security Systems to SKCAL, an Arizona limited liability company whose sole member is a director and 11% shareholder of TMC. The proposed transaction aligns with the company's corporate strategy to direct resources toward growth in the financial services sector. It is expected to close on or about July 1. Total consideration is estimated to be approximately $2.2M. The proposed transaction is subject to the customary prerequisites for transactions of this nature, including, but not limited to, completion of due diligence, board approval, fairness opinion and possible adjustments to purchase price after completion of audited financial statements. Proceeds from the sale of Brigadier will be used to pay down corporate debt and for general corporate purposes.

The Marygold Companies reports Q3 EPS (2c) vs. (1c) last year

Reports Q3 revenue $7M vs. $7.9M last year.