CCMP will acquire a controlling interest in Hillman from Oak Hill Capital Partners in a transaction valuing the company at $1.475 billion. CCMP is investing in partnership with Hillman’s current management team. Oak Hill Capital and its affiliates will retain a significant minority interest in the company. Founded in 1964 as a fastener and keys company, Hillman is a leader in the hardware and home improvement industry offering products for commercial and residential uses, as well as inventory management and in-store merchandising services. Today the company provides a comprehensive solution to its retail customers for managing SKU-intensive, complex home improvement categories, distributing over 130,000 SKUs in categories including fasteners, key duplication systems, letters, numbers and signs, engraved tags, builder’s hardware, and the recently added nail, deck and drywall category. Hillman has over 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia and serves home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers, including Ace Hardware, Do it Best Corp, Home Depot, Lowe’s, Menards, Petco, PetSmart, RONA, Tractor Supply, True Value and Walmart.
The Weil team on this transaction includes corporate partner David Blittner and associates Andrew Arons, Owen Denby and Ginger Ellison, and Jesse Sacks (not yet admitted to practice); Finance partners Heather Emmel and Andrew Colao, and associates Julian Lista, Faiza Rahman, Tom Hashagen, Jake Schneider and Yvanna Custodio; Tax partner Jared Rusman, and associates Rosemary Morgan and Eric Remijan; Employee Benefits partner Michael Nissan, counsel Steven Margolis and associate Adam Mendelowitz; Intellectual Property partners Jeffrey Osterman and Elizabeth Weiswasser, and associates Caroline Geiger and Claire Comfort, and Dennis Adams (not yet admitted to practice); and Environmental counsel Matthew Morton.
