- 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.