KPS Capital Partners completed the acquisition of Oldcastle BuildingEnvelope from CRH for $3.8bn.

KPS Capital Partners, a private equity firm, completed the acquisition of Oldcastle BuildingEnvelope, a provider of glazing-focused interior and exterior products, from CRH, an international group of diversified building materials businesses, for $3.8bn. "We are thrilled to acquire North America's largest provider of architectural hardware, glass and glazing systems. OBE is the only 'one-stop shop' for every critical product a glazing industry customer needs, and the Company serves attractive, growing end-markets. We intend to drive profitable growth by providing the Company with the financial resources to invest in commercial and operational excellence," Raquel Vargas Palmer, KPS Co-Managing Partner.