Marygold Companies to go private in deal with Madison Dearborn Partners
United States Brent Oil Fund, LP announced it is set to go private in an all-cash deal with Chicago-based private equity firm Madison Dearborn Partners. The transaction, detailed in a press release and regulatory filing, will see The Marygold Companies, Inc. become privately held. Marygold is the sole shareholder of USCF Investments which owns the United States Brent Oil Fund, LP.
The acquisition is expected to conclude during the first half of 2027, pending shareholder approval, regulatory approval, and change-of-control consents. After the sale, Marygold’s stock will no longer be traded on the New York Stock Exchange. Madison Dearborn Partners and Marygold executives disclosed plans to execute USCF Investments transformation strategy post-deal.
The outcome of the transaction isn’t guaranteed. Brent crude futures reached a six-week high of $97 per barrel following a potential attack on Saudi Aramco’s infrastructure that raised concerns about supply disruptions. Analysts suggest this could prompt a revision of the company’s earnings projections, and a sustained increase in crude prices above $100 per barrel could benefit Saudi Aramco’s realized crude price.
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