KPS to Acquire Leading Architectural Hardware Company OBE in $3.45 Billion Deal

Paul, Weiss is advising KPS Capital Partners, LP in its $3.45 billion all-cash acquisition of Oldcastle BuildingEnvelope (OBE) from CRH plc. Dallas-based OBE is North America's largest provider of architectural hardware, glass and glazing systems. The deal is expected to close in mid-2022, pending customary closing conditions and approvals.

The Paul, Weiss team included, among others, corporate partners Angelo Bonvino, Cullen Sinclair, Suhan Shim and Manuel Frey; intellectual property partner Charles Googe; tax partners David Mayo and Robert Killip; litigation partners Allan Arffa and Aidan Synnott, and counsel Steven Herzog and Peter Jaffe; real estate partner Peter Fisch; executive compensation counsel Ron Aizen; environmental counsel William O’Brien; and antitrust counsel Yuni Sobel.