United States Gasoline Fund: parent TMC agrees to all-cash sale to Madison Dearborn Partners
The Marygold Companies (TMC), which indirectly owns United States Commodity Funds LLC, the general partner of United States Gasoline Fund (UGA), agreed on September 25, 2026 to be acquired by private equity firm Madison Dearborn Partners in an all-cash transaction. The deal would take TMC private and delist its stock from the New York Stock Exchange, and the filing says the deal may not be completed.
Key points
- Agreement announced September 25, 2026 with Madison Dearborn Partners, a Chicago-based private equity firm
- Transaction is expected to close in the first half of 2027 or earlier, subject to conditions
- Closing requires approval of TMC stockholders, regulatory approvals and certain change-of-control approvals
- TMC common stock will no longer be listed on the New York Stock Exchange after closing; the filing says there is no guarantee the deal will close
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.