Buckeye Resources, Inc. (“Buckeye”) has been acquired by Oldcastle APG (“Oldcastle”) an operating subsidiary of CRH, a world leading building materials company.  Footprint Capital, LLC (“Footprint”) acted as the exclusive sell-side advisor in the transaction and GBQ’s TAS practice provided sell-side due diligence support.

Buckeye Resources was established in 1984 by Richard E. Posey and specializes in manufacturing, packaging and delivering high quality mulches to customers from its facility in Springfield, Ohio. Buckeye has been a market leader, serving the lawn and garden industry through both the retail and wholesale channels. Similar to Oldcastle APG’s Lawn & Garden business unit, Buckeye Resources serves a wide variety of customers, channels and segments in its geographical area.

Footprint led a comprehensive sell-side process concentrated on industry folks who would value Buckeye’s employees, Ohio-based facility, customers, and suppliers. “The support and experience provided by Footprint during this transaction from start to finish was exceptional!  We greatly appreciate the guidance and counsel by Josh, Wade, and their team,” said Dick Posey, President and CEO of Buckeye Resources.  Vice President of Buckeye Resources, Josh Posey stated, “We couldn’t have done this without Footprint!”

“Buckeye Resources is a leader in its market with high quality products,” said Tim Ortman, President, Oldcastle APG. “With Buckeye Resources, we have a perfect geographic and cultural fit, enhancing our ability to provide products and service to new and existing customers in Ohio.”

“Oldcastle APG’s Lawn & Garden business unit provides bagged and bulk mulch, soils, professional growing media, decorative stone, lime and specialty amendments to retail and commercial customers,” said Joe Ertel, President, Oldcastle Lawn & Garden. “Oldcastle APG’s Lawn & Garden plant network is extensive and has expanded every year since 2006 either through acquisition or greenfield and we are proud to have this opportunity to work closely with the Posey family and serve this market with best-of-class products and service.”

« Back