Pacific Avenue Capital Partners agreed on 30 April to acquire Oldcastle Lawn & Garden, the US lawn and garden consumables business of CRH, in a deal valued at more than US$1.1bn.
Why Pacific Avenue Capital Partners is buying Oldcastle Lawn & Garden, Inc. (now GardenCore)
Pacific Avenue said it would expand the business's geographic footprint through greenfield development and acquisitions and invest in its premium product lines.
Deal terms and financing
The acquisition, by an affiliate of the Los Angeles-based firm, was valued at over US$1.1bn. The business operates under the new name GardenCore.
Regulatory approvals and timing
Closing was expected in early May 2026, subject to customary conditions. A GardenCore release on 3 June 2026 announcing Greg Weller as chief executive described the company as a standalone business under Pacific Avenue's ownership.
Market context
GardenCore supplies mulch, soil, stone and lime products to major home improvement retailers and garden centres and runs more than 55 manufacturing facilities across the US with over 1,400 employees.
