M&A Deal Summary

Acacia Research Acquires Deflecto

On October 21, 2024, Acacia Research acquired manufacturer Deflecto from The Edgewater Funds for 104M USD

Acquisition Highlights
  • This is Acacia Research’s 1st transaction in the Manufacturing sector.
  • This is Acacia Research’s 2nd largest (disclosed) transaction.
  • This is Acacia Research’s 4th transaction in the United States.
  • This is Acacia Research’s 1st transaction in Indiana.

M&A Deal Summary
Date 2024-10-21
Target Deflecto
Sector Manufacturing
Buyer(s) Acacia Research
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition
Deal Value 104M USD
Advisor(s) Cowen Group, Inc. (Financial)
Vedder Price P.C. (Legal)

Target

Deflecto

Indianapolis, Indiana, United States
Deflecto is a diversified, global manufacturer and distributor of extruded and molded plastic products for consumer and professional applications. Deflecto is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Acacia Research

New York, New York, United States
Category Company
Founded 1993
Sector Business Services
Employees170
Revenue 125M USD (2023)
DESCRIPTION

Acacia Research is a provider of patent licensing. An intermediary in the patent marketplace, Acacia partners with inventors and patent owners to unlock the financial value in their patented inventions. Acacia Research was founded in 1993 and is headquartered in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Indiana) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Benchmark Energy II

Pampa, Texas, United States

Benchmark Energy II is an independent oil and gas company engaged in the acquisition, production and development of oil and gas assets. Benchmark Energy II is based in Pampa, Texas.

Buy -

Seller(S) 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 42 of 42
Sector (Manufacturing) 5 of 5
Type (Add-on Acquisition) 19 of 19
State (Indiana) 2 of 2
Country (United States) 41 of 41
Year (2024) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 Nationwide Coils

Somers, New York, United States

Nationwide Coils is a distributor of custom heating, ventilation, and air conditioning (HVAC) replacement coils and heat exchangers for commercial and industrial facilities. Nationwide Coils was founded in 2004 and is based in Somers, New York.

Buy -
Mergr

Product

Company

Legal