ACACIA RESEARCH CORP (ACTG): M&A transaction — Acacia acquires Deflecto for $103.7M; expects $128-136M revenue in 2024

ACACIA RESEARCH CORP

Purchase price of $103.7M funded with $48M term loan under new $55M credit facility and cash on hand.
Deflecto generated ~$131M TTM revenue; 2024 guidance: $128-136M revenue and $17.5-19.5M EBITDA.
Deflecto is a specialty manufacturer for commercial transportation, HVAC, and office markets across nine plants.
Existing CEO Ross Pliska to continue leading Deflecto; deal expected to be immediately accretive to FCF and EPS.
Credit facility includes $48M term loan and $7M revolver, maturing 2029, with net leverage covenants.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ACACIA RESEARCH CORP completed an acquisition involving Deflecto Holdings, LLC and Evriholder Finance LLC for $103.7 million (closed 2024-10-18).

Action: acquisition
Counterparty: Deflecto Holdings, LLC and Evriholder Finance LLC
Consideration: $103.7 million
Closing: 2024-10-18

Exact text from the filing

October 18, 2024. Purchase Price. Under the terms and conditions of the Stock Purchase Agreement, the aggregate consideration paid to the Sellers in the Transaction consisted of $103.7 million, subject to certain working capital, debt and other customary adjustments set forth in the Stock Purchase Agreement (the “Purchase Price”). The Purchase Price was funded with a

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ACACIA RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-110071

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