Marygold to go private in all-cash deal with Madison Dearborn

The Marygold Companies, Inc. has agreed to become a privately held company through an all-cash transaction with Madison Dearborn Partners, a private equity firm based in Chicago. The United States Oil Fund, LP disclosed the definitive agreement on September 25, 2026, in a Form 8-K filed with the U.S. Securities and Exchange Commission.

The transaction is expected to close during the first half of 2027 or earlier, subject to customary closing conditions. These conditions include the approval of The Marygold Companies stockholders, regulatory approvals, and certain change-of-control approvals. There is no guarantee that the transaction will be completed within the expected time frame or at all.

The Marygold Companies is the sole shareholder of USCF Investments, Inc., which serves as the holding company and sole member of United States Commodity Funds LLC. United States Commodity Funds LLC acts as the general partner for United States Oil Fund, LP. Upon completion of the deal, The Marygold Companies will no longer be publicly listed, and its common stock will be delisted from the New York Stock Exchange.

Madison Dearborn Partners and The Marygold Companies have indicated that after the transaction closes, their leaders will execute on The Marygold Companies' previously announced transformation strategy. This strategy aims to refocus the business of United States Commodity Funds LLC. The agreement was signed by John P. Love, President and Chief Executive Officer and Management Director of United States Commodity Funds LLC.