secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001104659-24-110071
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acacia acquires Deflecto for $103.7M; expects $128-136M revenue in 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000110465924110071/0001104659-24-110071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000110465924110071/tm2426513d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-110071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer