Acacia Research (ACTG) said Monday it has acquired Deflecto Acquisition for $103.7 million.
The deal was funded with cash on hand and a new senior secured credit facility guaranteed by certain Deflecto subsidiaries.
Deflecto Chief Executive Ross Pliska and the current management team will remain in place, the company said.
The deal will provide immediate revenue benefits and positively impact Acacia's free cash flow and earnings per share.
Based in Indianapolis, Deflecto is a manufacturer of essential products for the commercial transportation, HVAC, and office markets.
Price: 4.8400, Change: +0.11, Percent Change: +2.33
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments