Madison Dearborn Partners to Acquire The Marygold Companies for $80.78 Million

Madison Dearborn Partners entered into a merger agreement on September 25, 2026, to acquire The Marygold Companies, Inc. (MGLD) in a deal valued at $80.78 million.

Deal Structure:

Marygold stockholders will receive $2 per share in cash, representing a 100% premium over the stock’s last closing price.

Company Profile:

The Marygold Companies is a diversified holding company with subsidiaries operating in financial services, food manufacturing, printing, beauty products, and security services. Its principal business is USCF Investments, which manages exchange-traded funds focused primarily on commodities and other investment strategies.

Madison Dearborn Partners is a Chicago-based private equity firm that invests in companies across financial services, healthcare, technology, and government sectors. The firm has about $20.7 billion in assets under management.

Deal Details and Timeline:

MDP is partnering with Tim Rotolo, who has launched and scaled two thematic ETF platforms, including URNM, a uranium mining ETF that grew to more than $1 billion in assets before being sold to Sprott Asset Management.

The deal is expected to close during the first half of 2027.

Certain stockholders of Marygold, including Nicholas Gerber, who collectively own approximately 75% of Marygold’s outstanding shares, have entered into voting and support agreements.

Holland & Hart served as Marygold’s legal advisor. RBC Capital Markets provided financial advice to Madison Dearborn Partners, while Paul, Weiss, Rifkind, Wharton & Garrison and Morgan, Lewis & Bockius served as its legal advisors.

Madison Dearborn Partners is paying 1.70 times the sales for Marygold.

Deal Metrics:

For more in-depth insight into this merger and acquisition transaction, please visit the Deal Metrics page here:

Deal Metrics for the acquisition of The Marygold Companies, Inc. (MGLD) by Madison Dearborn Partners

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And a whole lot more.

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Editor’s Note: Baranjot Kaur contributed to this article