Hillman Solutions
Cincinnati, Ohio
FUND
CCMP III
ORIGINAL INVESTMENT
2014
STATUS
Realized
Partnered with management with plan to drive growth through expansion into adjacent product categories, product innovation, more cost-efficient operations and international expansion
CCMP invested in Hillman Solutions, a leading distributor of fasteners, keys, engravable tags, letters, numbers and signs, and other hardware-related items, in 2014. With over 900 sales and service representatives, Hillman provides value-added category management for more than 130,000 SKUs.
CEO Corner
Doug Cahill, Chairman, President and CEO
"CCMP’s expertise with distribution and building products alongside their support for a buy and build strategy to add new brands to the Hillman family enabled us to continue growing Hillman. CCMP’s history of public exits supported our successful efforts to take Hillman public in 2022. CCMP gets the consumer and always supported investments to better serve our retailers and their customers."
Opportunity and Why CCMP
- Macro industry tailwinds; Fragmented industry ripe for consolidation through targeted M&A
- Leverage stable, long-term customer relationships & unique value-added field sales, distribution & innovation capabilities to grow core & new categories
- Drive base business growth; expand into adjacent categories & channels; new product innovation/development; increase supply chain efficiencies
Value Creation
- Created scalable infrastructure to support organic and acquisition growth
- Leveraged category management expertise, field service force & industryleading product innovation to gain share in core product areas
- Enhanced margins via sourcing, productivity, pricing & product mix initiatives
- Strengthened leadership team with seasoned consumer products executives
Results
- Established Hillman as an M&A platform and executed on accretive acquisitions to access new categories and channels, expand Hillman’s addressable market opportunity, and strengthen customer relationships
- Completed a merger with Landcadia III Holdings, a special purpose acquisition company, resulting in Hillman becoming a publicly traded company in 2021 (NASDAQ: HLMN)
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP. A complete list of CCMP Capital Advisors, LP investments is available on its website.
