Pacific Avenue Capital Partners LLC turned to Kyle C. Krpata, Alice Yuan and Jonathan G. Soler of Weil, Gotshal & Manges LLP on a $1.1 billion agreement to buy Oldcastle Lawn & Garden Inc. from CRH plc (CRH) announced on Friday, May 1. Pacific Avenue will rebrand the business as GardenCore after the deal’s closing, expected to occur early this month.
The Deal reported on March 31 that Oldcastle APG Inc., a unit of Irish building products company CRH, was nearing the end of a sale process for its lawn and garden business and that Atlanta-based Oldcastle had signed an agreement for the unit to be sold to a private equity firm.
BofA Securities Inc. worked with Oldcastle on the auction, in which strategic and financial suitors looked at the business, which sells soils, mulches and other consumer lawn and garden fertilizing products under brands including Jolly Gardener and Timberline.
Samuel W. Jackson, Mark E.C. Hudson and Damon McLaren at Jefferies LLC gave financial advice to Pacific Avenue, a middle market private equity sponsor based in Los Angeles and Paris, which has a focus on corporate divestitures and carveouts. Weil’s Krpata has also counseled the sponsor on its purchases of the filtration business of Sogefi SpA in 2024 for an enterprise value of €374 million ($405.3 million at the time) and of Therm-All from Incline Equity Partners for an undisclosed sum earlier this year. Pacific Avenue teamed with Cameron Ashley Building Products Inc. on the Therm-All deal.
CRH turned to Richard Cicchillo Jr. of Kilpatrick Townsend & Stockton LLP for counsel. He and Kilpatrick’s Kelsey Donnalley advised the company on its purchase of Eco Material Technologies Inc. from One Equity Partners LLC, Warburg Pincus LLC and Green Cement Investments for $2.1 billion in a deal announced in July 2025 and closed that September.
Cicchillo and Donnalley advised CRH on its $2.1 billion acquisition of cement and ready-mixed concrete assets in Texas in 2024. The two lawyers also advised CRH on its $1.9 billion purchase of Barrette Outdoor Living Inc. from TorQuest Partners Inc. and Caisse de dépôt et placement du Québec in 2022. In addition, they counseled CRH on its $3.45 billion sale of Oldcastle BuildingEnvelope Inc. to KPS Capital Partners LP, a New York-based PE sponsor, in 2022.
