Marygold Companies to be taken private by Madison Dearborn Partners in all-cash deal

The Marygold Companies, Inc. has announced it will be taken private by Madison Dearborn Partners, a Chicago-based private equity firm, in an all-cash deal. The company is the sole shareholder of USCF Investments, Inc., a holding company that owns USCF Investments and United States Commodity Funds LLC, the general partner of the United States 12 Month Oil Fund, LP.

USCF Investments' shares have increased by nearly 69% year-to-date and are trading near their 52-week high of $57.91. The transaction is anticipated to finalize in the first half of 2027 or earlier, contingent on shareholder approval, regulatory clearances, and certain change-of-control approvals. Following the deal, Marygold's common stock will be removed from the New York Stock Exchange and the company will become a private entity.

Madison Dearborn Partners and Marygold's leadership team plan to implement their previously announced transformation strategy for USCF's business after the transaction is completed. The deal's completion is not guaranteed and could be delayed or fail altogether.