Madison Dearborn Partners has agreed to acquire The Marygold Companies in an all-cash transaction valued at $2 per share. The price represents a 100% premium to Marygold’s September 24, 2026, closing share price.
Marygold is a holding company whose businesses span financial services, food manufacturing, printing, and beauty products. Its subsidiary USCF manages approximately $6 billion in assets, primarily through exchange-traded products and funds focused on commodities and other asset classes.
Following the acquisition, Madison Dearborn and Marygold’s leadership plan to advance the company’s previously announced strategy to refocus the business on USCF. Tim Rotolo, an ETF and institutional investment executive, is slated to become Marygold’s CEO. The investors plan to support USCF’s product development, distribution, and marketing.
Marygold’s board unanimously approved the agreement. Stockholders who collectively beneficially own approximately 75% of its outstanding shares have entered into agreements to vote in favor, subject to customary exceptions. The transaction still requires stockholder, regulatory, and certain change-of-control approvals and is expected to close in the first half of 2027 or earlier. Upon completion, Marygold would become privately held and its shares would be delisted from the New York Stock Exchange.
KEY QUOTES:
“With the capital and strategic support of MDP, I am confident in our ability to continue to improve, scale, and grow USCF.”
Tim Rotolo, Incoming CEO of The Marygold Companies
“This transaction, which at closing provides immediate and certain value to our stockholders at a significant premium.”
Nicholas Gerber, Outgoing President, CEO, and Chairman of The Marygold Companies
