Acacia Research Acquires Deflecto for $103.7M to Expand Industrial Portfolio
Portfolio Pulse from Benzinga Newsdesk
Acacia Research Corporation (NASDAQ:ACTG) has acquired Deflecto Acquisition, Inc. for $103.7 million to expand its industrial portfolio. Deflecto, a specialty manufacturer, is expected to generate $128-$136 million in revenue in 2024. The acquisition is anticipated to be accretive to Acacia's free cash flow and earnings per share.
October 21, 2024 | 11:29 am
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POSITIVE IMPACT
Acacia Research's acquisition of Deflecto for $103.7M is expected to enhance its industrial portfolio, with Deflecto projected to generate $128-$136M in revenue in 2024. The deal is anticipated to be accretive to Acacia's free cash flow and earnings per share.
The acquisition of Deflecto is a strategic move for Acacia, expected to immediately contribute to revenue and be accretive to free cash flow and EPS. This aligns with Acacia's growth strategy and enhances its industrial portfolio, making it a positive development for the company's financial outlook.
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