Private Equity Firm Exits Stake in Hillman Solutions - Modern Distribution Management

Private Equity Firm Exits Stake in Hillman Solutions

Since CCMP’s initial investment in Hillman in 2014, sales have doubled to approximately $1.5 billion in 2022.
Hillman

On May 12, Hillman Solutions Corp. — a provider of hardware products and merchandising solutions — announced that Joseph Scharfenberger, Jr., Co-Managing Partner of CCMP Capital, and Richard Zannino, Managing Director of CCMP, have stepped down from Hillman’s board of directors, according to a company news release.

The board changes follow CCMP, a private equity firm, exiting its position in Hillman’s stock through a secondary offering, which was expected to close May 15.

During the offering, CCMP sold its remaining 22,455,000 shares and is no longer a shareholder, Hillman said.

Since CCMP’s initial investment in Hillman in 2014, sales have doubled to approximately $1.5 billion in 2022. After the changes, the Hillman Board of Directors consists of eight board members, seven of which are independent.

Hillman ranked No. 6 in MDM’s 2022 list for Top Fasteners Distributors.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.