Acacia Research Corporation, together with its associated entities, primarily concentrates on acquiring intellectual property and related high-yield assets. A core aspect of its business strategy involves the commercialization and defense of patented technologies through licensing. The enterprise operates through a dual-segment structure: Intellectual Property Operations and Industrial Operations. Through its Intellectual Property arm, Acacia manages extensive patent portfolios. These encompass both U.S. and international patents, protecting innovations applied across a broad spectrum of industries. Demonstrating substantial experience, it has successfully executed approximately 1,600 licensing agreements and overseen around 200 patent portfolio licensing and enforcement programs. The Industrial Operations segment is dedicated to the design, manufacture, and distribution of printers, parts, and consumable products. These offerings reach various industrial printing markets through a network of dealers and distributors. Additionally, it delivers specialized supply-chain printing solutions catering to sectors such as manufacturing, transportation and logistics, retail, food and beverage, and pharmaceuticals. The company also provides robust line matrix printers, vital for mission-critical applications including labeling, inventory management, build sheets, invoicing, and bills of lading. Founded in 1993, Acacia Research Corporation maintains its corporate headquarters in New York, New York.
Benchmark Energy II Closes $47.5 Million Financing to Accelerate Western Anadarko Development
Benchmark Energy II, LLC — majority owned by Acacia Research (Nasdaq: ACTG) — closed a senior secured financing of up to $47.5 million from Cibolo Energy Partners.
Proceeds fund an operated, multi-well development program across Benchmark's oil-weighted Western Anadarko Basin position; Benchmark and affiliates run over 150,000 net acres producing more than 8,700 barrels of oil equivalent per day.
For ACTG, the deal accelerates cash-flow-generating development at its energy subsidiary without equity issuance; it is the second Cibolo transaction.
TenOaks Energy Advisors advised Benchmark on the financing.