KPS Capital Partners has acquired Oldcastle BuildingEnvelope.

Oldcastle BuildingEnvelope (OBE) is a manufacturer and distributor of architectural hardware, glass and glazing systems.

“We intend to drive profitable growth by providing the Company (OBE) with the financial resources to invest in commercial and operational excellence,” added Raquel Vargas Palmer, KPS’s co-managing Partner. “We will leverage KPS’ decades of manufacturing expertise to create an entrepreneurial culture centered on innovation, continuous improvement and excellent customer experience.“

BofA Securities and J.P. Morgan Securities LLC acted as financial advisors to CRH. Citi acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS and its affiliates.