08:31 AM EDT, 10/21/2024 (MT Newswires) -- Acacia Research ( ACTG ) said Monday it has acquired Deflecto Acquisition for $103.7 million.

The deal was funded with cash on hand and a new senior secured credit facility guaranteed by certain Deflecto subsidiaries.

Deflecto Chief Executive Ross Pliska and the current management team will remain in place, the company said.

The deal will provide immediate revenue benefits and positively impact Acacia's free cash flow and earnings per share.

Based in Indianapolis, Deflecto is a manufacturer of essential products for the commercial transportation, HVAC, and office markets.

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