Pacific Avenue to acquire Oldcastle Lawn & Garden from CRH in $1.1B transaction

Pacific Avenue Capital Partners announced that an affiliate of Pacific Avenue has entered into a definitive agreement to acquire Oldcastle Lawn & Garden from CRH (CRH) in a transaction valued at over $1.1B. Upon closing, the business will operate under its new name, GardenCore, marking the beginning of its next chapter as a standalone company. The company said, “GardenCore is a leading U.S. manufacturer of lawn and garden consumables, offering a broad portfolio of mulch, soil, stone, and lime products. The Company has deep, long-standing partnerships with major home improvement retailers and garden centers, and delivers consistent, high-quality execution across large-scale private label and branded programs. The Company has over 1,400 employees and operates more than 55 manufacturing facilities across the United States. The acquisition of newly branded GardenCore is the latest example of Pacific Avenue’s ability to effectively and seamlessly execute complex carve-outs of scale across a wide variety of industries. Under Pacific Avenue’s ownership, GardenCore will focus its efforts on expanding its geographic footprint through greenfield development and acquisitions, while investing in its premium product lines to drive growth.” The transaction is expected to close in early May 2026, subject to customary closing conditions.