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

The Marygold Companies, Inc. has entered into a definitive agreement with Madison Dearborn Partners to take the firm private in an all-cash transaction, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on September 25, 2026.

The filing, submitted by United States Commodity Index Funds Trust, identifies The Marygold Companies as the sole shareholder of USCF Investments, Inc. USCF Investments serves as the holding company and sole member of United States Commodity Funds LLC, which acts as the sponsor for the trust and its associated funds. These include the United States Commodity Index Fund, traded under the ticker USCI on NYSE Arca, and the United States Copper Index Fund, traded under the ticker CPER on NYSE Arca.

Madison Dearborn Partners is described in the filing as a leading private equity firm based in Chicago. Under the terms of the deal, The Marygold Companies will become a privately held company upon completion. Consequently, its common stock will no longer be listed on the New York Stock Exchange. The transaction is expected to close during the first half of 2027, or earlier if customary closing conditions are met. These conditions include approval from The Marygold Companies stockholders, regulatory approvals, and certain change-of-control approvals.

John P. Love, President and Chief Executive Officer of United States Commodity Funds LLC, signed the report on behalf of the trust on September 25, 2026. The document notes that there is no guarantee the transaction will be completed within the expected timeframe or at all.

The filing states that The Marygold Companies and Madison Dearborn Partners have indicated they will execute on The Marygold Companies' previously announced transformation strategy to refocus USCF's business after the transaction closes. This next step is to occur at the appropriate time following the close of the deal.