Acacia Research Acquires Majority Stake in Benchmark Energy II

November 14, 2023

Acacia Research Corporation (Nasdaq: ACTG) has acquired a majority interest in Benchmark Energy II, LLC, an Austin, Texas–based independent oil and gas company focused on acquisition, production and development of operated assets in Texas and Oklahoma. McArron Partners, Benchmark’s existing lead investor, retains its investment and plans to commit additional capital while Acacia intends to use its capital base to accelerate Benchmark’s acquisition and field-optimization strategy.

Buyers
Acacia Research Corporation
Targets
Benchmark Energy II, LLC
Industry
Oil & Gas
Location
Texas, United States
Transaction Type
Buyout

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