Deal Details
Hillman Merges With SPAC Landcadia III
Summary
Hillman Solutions Corp. (“Hillman”), a portfolio company of CCMP Capital Advisors, LP ("CCMP"), announced that it has closed its previously announced business combination with special purpose acquisition company Landcadia Holdings III, Inc. (“Landcadia III”). Hillman’s common stock and warrants began trading on the Nasdaq on July 15, 2021 under the symbols “HLMN” and “HLMNW”.
Baird served as a capital markets advisor to Hillman Solutions Corp. on this transaction.
About
Founded in 1964, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency. Hillman is headquartered in Cincinnati, Ohio.CCMP specializes in middle market buyouts and growth equity investments of $100 million to $500 million in North America and Europe. CCMP focuses on generating alpha through the operational transformation and growth of its portfolio companies. With offices in New York and Houston, CCMP invests in three primary industries: Consumer, Industrial and Healthcare.
Launched in October 2020, Landcadia III was a blank check company whose business purpose was to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Tilman Fertitta, Co-Chairman and CEO, also serves as the CEO for Landry’s. Richard Handler, Co-Chairman and President, also serves as the CEO for Jefferies.
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- Date
- July 2021
- Company
- Hillman Solutions Corp.
- Transaction
- M&A - Sellside
- Sectors
-
Industrial
Industrial - Verticals
-
Distribution
Building & Infrastructure
- Target Geography
- North America
- Acquiror Geography
- North America
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