Marygold names Tim Rotolo CEO as Madison Dearborn agrees to buy company for $2.00 a share
MGLD•Madison Dearborn Partners agreed to acquire Marygold Companies in an all-cash deal for $2.00 a share, taking the company private, as Tim Rotolo was named incoming CEO.
1. CEO transition
Marygold named Tim Rotolo incoming chief executive officer. He has more than 15 years of ETF and public markets experience and launched two thematic ETF platforms, including URNM, which grew past $1 billion before being sold to Sprott Asset Management.
2. Take-private deal
Madison Dearborn Partners agreed to acquire Marygold Companies in an all-cash deal for $2.00 a share that will take the company private. Nicholas Gerber is set to step down as president, CEO and chairman.
