M&A Deal Summary

CRH Acquires Barrette Outdoor Living

On June 3, 2022, CRH acquired building materials company Barrette Outdoor Living from TorQuest and CDPQ for 1.9B USD

Acquisition Highlights
  • This is CRH’s 16th transaction in the Building Materials sector.
  • This is CRH’s 2nd largest (disclosed) transaction.
  • This is CRH’s 10th transaction in the United States.
  • This is CRH’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2022-06-03
Target Barrette Outdoor Living
Sector Building Materials
Buyer(s) CRH
Sellers(s) TorQuest
CDPQ
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Barrette Outdoor Living

Middleburg Hts, Ohio, United States
Barrette Outdoor Living empowers homeowners to bring their personal outdoor space to life by providing fencing, railing, decking, and complimentary outdoor products that beckon people to embrace their Outside SideTM. Barrette Outdoor Living is proud to be an American manufacturer, with 14 locations throughout North America that provide outdoor products sold through specialty retailers, home centers, and lumberyards. Featuring more than 70 patents, proprietary state-of-the-art machinery, and rigorous testing and control standards, Barrette Outdoor Living products are meticulously engineered, and designed for flexibility and ease of installation. Barrette Outdoor Living is based in Middleburg Hts, Ohio.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

CRH

Dublin, Ireland

Category Company
Founded 1936
Sector Building Materials
Employees78,500
Revenue 34.9B USD (2023)
DESCRIPTION

CRH is the parent company for an international group of diversified building materials businesses which are engaged in the manufacture and supply of a wide range of building materials and in the operation of builders’ merchanting and DIY stores. CRH was incorporated in 1936 and is based in Dublin, Ireland.


DEAL STATS #
Overall 25 of 30
Sector (Building Materials) 16 of 20
Type (Add-on Acquisition) 18 of 23
State (Ohio) 2 of 2
Country (United States) 10 of 14
Year (2022) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Oldcastle BuildingEnvelope

Dallas, Texas, United States

Oldcastle BuildingEnvelope is a manufacturer, fabricator, and distributor of architectural hardware, glass and glazing systems. Oldcastle BuildingEnvelope was founded in 1987 and is based in Dallas, Texas.

Sell $3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-17 Adbri

Sydney, Australia

Adbri is a manufacturer of cement, lime, ready-mixed concrete, and concrete masonry products. The company offers its products to residential and non-residential construction, engineering construction, industrial manufacturing, and mining markets. Adbri was founded in 1882 and is based in Adelaide, Australia.

Buy AU$2.1B

Seller(S) 2

SELLER

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 23 of 26
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 11 of 12
State (Ohio) 1 of 1
Country (United States) 6 of 6
Year (2022) 4 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Polycor

Quebec, Quebec, Canada

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Cando Rail & Terminals

Brandon, Manitoba, Canada

Cando Rail & Terminals Design, build, operate, finance, and maintain rail solutions. Cando Rail & Terminals provides Sophisticated tracking and analytics, inventory management, and scheduled maintenance programs. Cando Rail & Terminals was founded in 1978 and is based in Brandon, Manitoba.

Sell -
SELLER

CDPQ

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 11 of 16
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Crossroads Treatment Centers

Greenville, South Carolina, United States

Crossroads Treatment Centers is a behavioral health provider with an exceptional clinical reputation and a focus on substance use disorders and mental health illnesses. The Company delivers care through a variety of modalities, utilizing medication-assisted treatment (“MAT”), 24/7 access to care, in-person visits, telehealth, measurement-based care, laboratory services, and intensive care coordination services to provide complete support for the whole patient. Crossroads Treatment Centers was founded in 2005 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Bouthillette Parizeau

Montreal, Quebec, Canada

Bouthillette Parizeau is specialized in building engineering, from design to commissioning, with a focus on green and sustainable solutions. Bouthillette Parizeau is based in Montreal, Quebec.

Buy -