Pacific Avenue Capital Partners has acquired Oldcastle APG for an undisclosed amount. This transaction marks a significant corporate acquisition, with Pacific Avenue Capital Partners taking full ownership of the global industry-leading manufacturer of concrete building and hardscape products. Oldcastle APG is renowned for its extensive portfolio, which spans from structural masonry essential for urban development to decorative elements for residential and commercial landscapes.
For over three decades, Oldcastle APG has established itself as a market leader, setting standards in design, technical acumen, and thought leadership across its categories. Its product range includes pavers, patio slabs, stone veneer, retaining walls, architectural block, composite decking, dry mix concrete, fertilizers, and mulches. The company services its diverse customer base, including consumers, design professionals, and landscape professionals, through an expansive network of more than 200 manufacturing facilities.
This strategic acquisition by Pacific Avenue Capital Partners underscores the firm's interest in robust, market-leading enterprises within essential industries. The move is expected to leverage Oldcastle APG's strong brand recognition, comprehensive product offerings, and established distribution network. Pacific Avenue Capital Partners aims to build upon Oldcastle APG's foundation, enhancing operational efficiencies and exploring new avenues for growth within the building materials and outdoor living sectors. The acquisition is poised to create synergies by combining Pacific Avenue's strategic investment approach with Oldcastle APG's deep industry expertise and manufacturing capabilities.
Looking ahead, the newly combined entity is positioned to further solidify its leadership in the North American building and hardscape products market. The focus will remain on delivering innovative solutions and high-quality products that help customers realize their visions, from large-scale construction projects to intricate backyard designs, ensuring continued market relevance and sustained growth under its new ownership.