Acacia Research Corp focuses on acquiring and managing companies across various industries, including industrial, energy, technology, and healthcare. It seeks to unlock value in businesses through strategic acquisitions, restructurings, and investments. The company operates three segments: Intellectual Property Operations, Industrial Operations, and Energy Operations. The Intellectual Property segment licenses and enforces patented technologies, while the Industrial segment designs and manufactures printers and consumable products for industrial printing applications. The Energy segment engages in oil and gas exploration, development, and production. The company generates the majority of its revenue from intellectual property operations, primarily in the United States.