M&A
confidence high
sentiment neutral
materiality 0.40
Marygold to be taken private by Madison Dearborn in all-cash deal; parent of UNG's general partner
United States Natural Gas Fund, LP
- The Marygold Companies entered a definitive agreement with Chicago-based private equity firm Madison Dearborn Partners for TMC to become privately held in an all-cash transaction.
- TMC is sole shareholder of USCF Investments, Inc., the holding company and sole member of United States Commodity Funds LLC, general partner of United States Natural Gas Fund, LP (UNG).
- Closing expected in the first half of 2027 or earlier, subject to TMC stockholder approval, regulatory approvals and certain change-of-control approvals.
- On completion, TMC will be privately held and its common stock will no longer be listed on the New York Stock Exchange.
- After closing, MDP and TMC leaders intend to execute TMC's previously announced transformation strategy to refocus USCF's business; completion is not guaranteed.