Oak Hill Capital Partners, a private equity firm, has agreed to acquire The Hillman Companies, Inc. (NYSE-Amex: HLM_P), Cincinnati, OH, from Code Hennessy & Simmons, Ontario Teachers' Pension Plan and certain members of company management.
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Oak Hill Capital is investing in partnership with Hillman's current management team, led by CEO Mick Hillman. The aggregate value of the transaction is $815 million.
Hillman is a distributor of more than 60,000 SKUs, including fasteners, key duplication systems, engraved tags and related hardware items to over 20,000 retail customers in the U.S., Canada, Mexico and South America, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers.
Completion of the transaction is expected in the second quarter of 2010.