M&A Deal Summary

KPS Capital Partners Acquires Oldcastle BuildingEnvelope

On February 28, 2022, private equity firm KPS Capital Partners acquired building materials company Oldcastle BuildingEnvelope from CRH for 3.5B USD

Acquisition Highlights
  • This is KPS Capital Partners’ 2nd transaction in the Building Materials sector.
  • This is KPS Capital Partners’ 2nd largest (disclosed) transaction.
  • This is KPS Capital Partners’ 38th transaction in the United States.
  • This is KPS Capital Partners’ 4th transaction in Texas.

M&A Deal Summary
Date 2022-02-28
Target Oldcastle BuildingEnvelope
Sector Building Materials
Buyer(s) KPS Capital Partners
Sellers(s) CRH
Deal Type Divestiture
Deal Value 3.5B USD

Target

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.

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

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 48 of 53
Sector (Building Materials) 2 of 3
Type (Divestiture) 20 of 22
State (Texas) 4 of 4
Country (United States) 38 of 40
Year (2022) 1 of 2
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Profile Custom Extrusions

Rome, Georgia, United States

Profile Custom Extrusions is a manufacturer of custom, extruded aluminum profiles and related value-added services including painting, anodizing, thermal break, and precision cutting. Profile provides a variety of custom extruded aluminum profiles to diverse end-markets including residential and commercial construction, HVAC, hurricane protection, transportation, electrical and marine. Profile Custom Extrusions was founded in 1960 and is based in Rome, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 PEMCO

Leesburg, Alabama, United States

PEMCO is a global manufacturer of porcelain enamels and specialized glass coatings and colorants to a variety of end-market applications. PEMCO provides a wide array of products, including porcelain frits and powders for appliances, cookware, and sanitaryware applications. In addition, the Company provides functional glass enamels for automotive, architectural and container glass applications. PEMCO International is based in Leesburg, Alabama.

Buy -

Seller(S) 1

SELLER

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 8 of 8
Sector (Building Materials) 5 of 5
Type (Divestiture) 8 of 8
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Heras

Oirschot, Netherlands

Heras provides mobile and permanent perimeter protection systems, products, and services. Heras business supplies products such as fencing systems, manual and automated gates, hostile vehicle mitigation barriers, and electronic perimeter detection products to its end customers including construction companies, public authorities, distributors, wholesalers, installers, event organizers, and rental companies. Heras is based in Oirschot, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 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.

Buy $1.9B
Mergr

Product

Company

Legal