Acquisition platform Acacia Research, backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s, appointed one of the hedge fund’s senior executives today to oversee all aspects of its takeover business, Reuters reports.
The firm, which acquires businesses in sectors including technology, retail, and healthcare, appointed Martin McNulty Jr. as COO and head of mergers and acquisitions, Acacia CEO Clifford Press told Reuters.
McNulty had been CEO of Starboard Value Acquisition, which combined with data center Cyxtera Technologies last year in a deal valued at $3.4 billion. Read more.
