The Hillman Group is merging with Landcadia Holdings III, Inc., a publicly-traded acquisition company, in a $2.64 billion deal to create Hillman Solutions Corp., which will remain listed on Nasdaq under the new ticker symbol “HLMN.”

Hillman is controlled by private equity firm CCMP Capital Advisors, LP, which acquired a majority interest in Hillman in 2014 and will remain the Company’s largest shareholder upon closing.  That deal valued Hillman at $1.47 billion.

Hillman CEO Doug Cahill will continue to lead the combined company along with the current management team, and will hold “significant” equity in the company.

“Today’s announcement marks the beginning of the next chapter of Hillman’s partnership with our winning retail customers in the large, non-cyclical and growing retail hardware market,” stated Cahill.  “With our new capital structure, we expect to accelerate our growth across both existing products and channels, as well as pursue attractive opportunities in adjacent categories, both organically and through M&A.”

In 2013, Hillman acquired Canadian fastener manufacturer H. Paulin & Co. Ltd. for $103.4 million.

Founded in 1964 as a fastener and keys company,  Hillman offers 110,000 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 to 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia.

Prominent customers include Ace Hardware, Home Depot, Lowe’s, Tractor Supply, True Value and Walmart.  Hillman sales are estimated to reach $1.4 billion for 2020.  Web: HillmanGroup.com