Madison Dearborn Partners has agreed to acquire The Marygold Companies in an all-cash deal, with plans to focus the business on exchange-traded fund (ETF) manager USCF following the transaction.

Madison Dearborn Partners (MDP) has entered into a definitive agreement to acquire The Marygold Companies in an all-cash transaction that values the company's shares at US$2.00 each. Marygold is the parent company of USCF The offer represents a 100% premium to Marygold's closing share price on 24 September. Following completion of the transaction, Marygold will become a privately held company and will be delisted from the New York Stock Exchange. Marygold is the parent company of USCF, a co