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Acacia Research ( (ACTG) ) has shared an update.
Acacia Research Corporation has acquired Deflecto Acquisition, Inc. for $103.7 million, expanding its portfolio with a leading manufacturer of essential products in commercial transportation, HVAC, and office markets. The transaction is expected to significantly boost revenue and be accretive to free cash flow. Deflecto, headquartered in Indianapolis, is projected to generate $128-$136 million in revenue for 2024, and will continue to be led by its current management team. The acquisition is funded through cash and a new secured credit facility.
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