We look forward to partnering with OBE’s talented employees and management team under the leadership of CEO Liz Haggerty to accelerate value creation opportunities. OBE has demonstrated a strong ability to integrate synergistic acquisitions over the past several decades and we will provide strategic support and capital in pursuit of future growth opportunities. We will leverage KPS’ decades of manufacturing expertise to create an entrepreneurial culture centered on innovation, continuous improvement and excellent customer experience. We intend to drive profitable growth by providing OBE with the financial resources to invest in commercial and operational excellence. OBE is the only one-stop shop for every critical product a glazing industry customer needs, and they serve attractive, growing end-markets. Raquel Vargas Palmer, managing partner of KPS, adds, “We are thrilled to acquire North America’s largest provider of architectural hardware, glass and glazing systems. We are excited about OBE’s future opportunities, and we have found a great partner in KPS to capture them.”
We intend to expand our capabilities as a customer-oriented solutions provider in architectural hardware, glass and glazing markets. Oldcastle Building Envelopes team of experts help architects, glaziers, contractors and owners solve design challenges and bring projects to life. KPS’ experience with manufacturing businesses and the significant capital resources available will allow us to continue our investment in our commercial and operational growth strategy.
We will continue to build on our industry-leading reputation for quality, reliability and product innovation. “KPS has an exemplary track record of investing in and improving manufacturing businesses, and we are exceedingly confident that they are the right partner to help us execute on our strategic plan. “The entire OBE management team looks forward to partnering with KPS as we begin our journey as an independent company,” said Liz Haggerty, CEO of OBE. One contact, one schedule, one warranty, one company responsible for getting it done. With North America’s largest building product offering, robust logistics capabilities and extensive capacity, we can help you tackle your most challenging projects. KPS announced earlier this year it had signed a definitive agreement to acquire OBE from CRH plc for approximately $3.45 billion in cash through a newly formed affiliate. We’re in over 25 CSI Masterformat divisions, making your construction process more efficient. and Oldcastle Buildingenvelope.KPS Capital Partners LP (KPS), a global private equity firm, has completed its acquisition of Oldcastle BuildingEnvelope® (OBE), formerly a CRH company. Oldcastle BuildingEnvelope may also be known as or be related to OLDCASTLE BUILDINGENVELOPE INC., Oldcastle BuildingEnvelope, Oldcastle BuildingEnvelope Inc, Oldcastle BuildingEnvelope, Inc.
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