Platinum Equity-backed HC picks up lawn and garden products provider Classic Home & Garden

May 30, 2024
  • CHG owner and CEO Fred Ryan will remain a significant investor in the combined business and will serve as president
  • Platinum Equity acquired HC in 2023
  • Founded in 1995 by Tom Gores, Platinum Equity has more than $48 billion of assets under management

The HC Companies, which is backed by , has acquired Classic Home & Garden, a Shelton, Connecticut-based provider of decorative and functional products for the lawn and garden market in North America. No financial terms were disclosed.

HC is a manufacturer of horticultural containers.

CHG owner and CEO Fred Ryan will remain a significant investor in the combined business and serve as president.

Platinum Equity acquired HC in 2023.

“When we acquired HC Companies we set out to create a best-in-class, diversified player of scale within the broader horticultural market,” said Platinum Equity Partner Jacob Kotzubei and Managing Director Nick Fries in a joint statement. “HC’s transformational acquisition of CHG is an exciting and important step in that process. We will continue to work with Bob and Fred to evaluate additional strategic M&A opportunities across the lawn and garden market.”

Willkie Farr & Gallagher LLP served as legal counsel and Alston & Bird LLP served as financing counsel to HC Companies on the CHG acquisition. Stout served as financial advisor to HC Companies.

Berkowitz, Trager & Trager, LLC and Locke Lord LLP served as legal counsels to CHG. Piper Sandler Companies served as CHG’s sell-side financial advisor.

Founded in 1995 by Tom Gores, Platinum Equity has more than $48 billion of assets under management.

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