Acacia Research Corporation is a publicly traded American company based in New York City. Acacia is focused on acquiring public or private businesses across industries including the mature technology, energy and industrials/manufacturing sectors where it believes it can generate shareholder value. The company is led by Martin “MJ” D. McNulty, Jr., who has served as Acacia’s director and Chief Executive Officer since February 2024. Acacia has a strategic relationship with Starboard Value, LP, the company's controlling shareholder. Acquisition Approach The company targets transactions where it can acquire operating businesses and strategic assets that it believes are undervalued. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, rather than a specific investment horizon. The company’s management team, constituted in late 2022, has experience in research, transactions and execution, and operations and management. Acacia is focused on companies with market values of less than $2 billion and particularly on businesses valued at $1 billion or less, however the company may pursue acquisitions that are larger under the right circumstance. Wikipedia