Acacia Research Corporation acquired 50.4% stake in Benchmark Energy II, LLC from McArron Partners, L.P. for $10 million.
Acacia Research Corporation (NasdaqGS:ACTG) completed the acquisition of 50.4% stake in Benchmark Energy II, LLC from McArron Partners, L.P. on November 13, 2023. John Kaercher, Zahra Usmani, Chris Heasley, J. Robert Fowler, Katherine C. Nemeth, Jonathan E. Kidwell, Christie Alcala, Maureen D. O'Brien, Matthew S. Lovell and Jennifer Wu of Kirkland & Ellis LLP acted as legal advisor to Benchmark Energy II, LLC.