Acquisitions, Mergers and Takeovers
CCMP Capital Closes The Hillman Companies Acquisition
NEW YORK and CINCINNATI, June 30, 2014 /PRNewswire/ -- CCMP Capital Advisors, LLC ("CCMP") and The Hillman Companies, Inc. ("Hillman") today announced that they have completed the previously announced acquisition by affiliates of CCMP of a controlling interest in Hillman from Oak Hill Capital Partners ("Oak Hill Capital"). CCMP invested in partnership with Hillman's current management team, led by CEO Jim Waters. Oak Hill Capital and its affiliates will retain a significant minority interest in the company. In connection with the closing of the acquisition, The Hillman Group, Inc., a subsidiary of Hillman, closed its previously announced issuance of 6.375% senior notes due 2022 and Hillman and certain of its subsidiaries closed its new senior credit facility consisting of a $550 million term loan and a $70 million revolving credit facility. About The Hillman Companies
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading value-added distributor of fasteners, key duplication systems, engraved tags and related hardware items to over 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers. Hillman provides a comprehensive solution to its retail customers for managing SKU-intensive, complex home improvement categories. Hillman also offers its customers additional services, such as inventory management and in-store merchandising services. About CCMP Capital
CCMP Capital Advisors, LLC ("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 of its portfolio companies. With offices in New York, Houston and London, CCMP invests in four primary industries: Consumer/Retail, Industrial, Energy and Healthcare. Selected investments under management include: ARAMARK Corporation, Chaparral Energy, Infogroup, Jamieson Laboratories, Jetro Holdings, LHP Hospital Group, Milacron, Newark Energy, Ollie's Bargain Outlet and Pure Gym. About Oak Hill Capital Partners
Oak Hill Capital Partners is a private equity firm with more than $8 billion of initial capital commitments from leading entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Since inception 28 years ago, the professionals at Oak Hill Capital and its predecessors have invested in more than 70 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill Capital works actively in partnership with management to implement strategic and operational initiatives to create franchise value. SOURCE  The Hillman Companies, Inc.
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CCMP Capital Closes The Hillman Companies Acquisition

CCMP Capital And The Hillman Companies Announce Pricing Of $330.0... -- NEW YORK and CINCINNATI, June 12, 2014 /PRNewswire/ --
2014
See more news releases in Banking & Financial Services  | Stock Offering
CCMP Capital And The Hillman Companies Announce Pricing Of $330.0 Million Of 6.375% Senior Notes Due 2022 Of HMAN Finance Sub Corp.
NEW YORK and CINCINNATI, June 12, 2014 /PRNewswire/ -- CCMP Capital Advisors, LLC ("CCMP") and The Hillman Companies, Inc. ("Hillman") today announced that HMAN Finance Sub Corp. has priced a private offering of $330.0 million in aggregate principal amount of its 6.375% senior notes due 2022. The aggregate principal amount of the notes was increased from $270.0 million, as previously disclosed, to $330.0 million. The notes are being offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S. persons under Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The offering is expected to close on or about June 30, 2014, subject to customary closing conditions including, without limitation, the closing of the Acquisition as described below. The net proceeds from the offering, together with other funding sources, will be used to fund the previously announced acquisition of Hillman by affiliates of CCMP (the "Acquisition"), repay certain existing indebtedness of Hillman and to pay related fees and expenses. The Acquisition is expected to be consummated prior to or concurrently with the closing of the offering. The notes have not been registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not and will not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Forward-Looking Statements
Statements included herein may constitute "forward-looking statements," which relate to future events, the future performance or financial condition of CCMP and Hillman following the Acquisition, the expected timing of the completion of the Acquisition and the offering and the ability to complete the Acquisition and the offering considering the various closing conditions. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of known and unknown risks and uncertainties. Actual results and condition may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Hillman's filings with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this report and, except to the extent required by applicable securities laws, CCMP and Hillman expressly disclaim any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CCMP or Hillman does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The Hillman Companies Contact:
SOURCE  The Hillman Companies, Inc.
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CCMP Capital And The Hillman Companies Announce Pricing Of $330.0 Million Of 6.375% Senior Notes Due 2022 Of HMAN Finance Sub Corp.

2014
CCMP Capital To Acquire The Hillman Companies
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NEW YORK and CINCINNATI, May 19, 2014 /PRNewswire/ -- CCMP Capital Advisors, LLC ("CCMP") and The Hillman Companies, Inc. ("Hillman") today announced that they have signed a definitive agreement under which affiliates of CCMP will acquire a controlling interest in Hillman from Oak Hill Capital Partners ("Oak Hill Capital") in a transaction valuing the company at $1.475 billion. CCMP is investing in partnership with Hillman's current management team, led by CEO Jim Waters. Oak Hill Capital and its affiliates will retain a significant minority interest in the company. Founded in 1964 as a fastener and keys company, Hillman is a leader in the hardware and home improvement industry offering products for commercial and residential uses, as well as inventory management and in-store merchandising services. Today the company provides a comprehensive solution to its retail customers for managing SKU-intensive, complex home improvement categories, distributing over 130,000 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. Hillman has over 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia and serves home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers, including Ace Hardware, Do it Best Corp, Home Depot, Lowe's, Menards, Petco, PetSmart, RONA, Tractor Supply, True Value and Walmart. A. Joe Delgado, Managing Director of CCMP, said, "Jim and his team have established Hillman as an essential product and services provider in the hardware and home improvement industry. The company has a tremendous platform, including a unique, high-touch sales and service team of over 800 members and a sophisticated sourcing and distribution network throughout the U.S., Canada and Mexico. We look forward to working with Jim and the entire Hillman team to help drive Hillman's next phase of growth as the company expands organically and through strategic acquisitions into adjacent markets and new geographies. "
Jim Waters, CEO of Hillman, commented, "We are thrilled to partner with CCMP as we enter this new chapter of our growth. CCMP has extensive experience in retail/supply management, distribution and building products companies, a vast network of relationships, and a track record of adding lasting value at its portfolio companies. CCMP's differentiated investment and operating experience made them management's preferred partner and we welcome them to the Hillman team. In addition, Oak Hill Capital has been a tremendous partner, and we are delighted to have the opportunity to continue working with them. "
Tyler J. Wolfram, Managing Partner of Oak Hill Capital, said, "Hillman has been a successful investment for Oak Hill Capital. Since investing in the company in 2010, we have worked closely with management to define and execute a strategic and operational plan that has enabled Hillman to grow EBITDA by approximately 50% during that time and positioned the company for future growth. We thank Jim Waters, Mick Hillman and the entire Hillman team for their efforts, and we are excited to partner with CCMP and management moving forward. "
Hillman's publicly traded trust preferred securities (NYSE-AMEX: HLM.PR ) will remain outstanding, will not be converted or exchanged and will continue to trade on the NYSE-AMEX. Completion of the transaction, which is subject to regulatory approvals and customary closing conditions, is expected in the second or third quarter of 2014. The company is being advised by Barclays on the transaction. CCMP is being advised by Morgan Stanley. About The Hillman Companies
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading value-added distributor of fasteners, key duplication systems, engraved tags and related hardware items to over 26,000 retail customers in the U.S., Canada, Mexico, South America and Australia, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers. Hillman provides a comprehensive solution to its retail customers for managing SKU-intensive, complex home improvement categories. Hillman also offers its customers additional services, such as inventory management and in-store merchandising services. About CCMP Capital
CCMP Capital Advisors, LLC ("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 of its portfolio companies. With offices in New York, Houston and London, CCMP invests in four primary industries: Consumer/Retail, Industrial, Energy and Healthcare. Selected investments under management include: ARAMARK Corporation, Chaparral Energy, Infogroup, Jamieson Laboratories, Jetro Holdings, LHP Hospital Group, Milacron, Newark Energy, Ollie's Bargain Outlet and Pure Gym. About Oak Hill Capital Partners
Oak Hill Capital Partners is a private equity firm with more than $8 billion of initial capital commitments from leading entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Since inception 28 years ago, the professionals at Oak Hill Capital and its predecessors have invested in more than 70 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill Capital works actively in partnership with management to implement strategic and operational initiatives to create franchise value. Forward-Looking Statements
Statements included herein may constitute "forward-looking statements," which relate to future events or the future performance or financial condition of CCMP and Hillman following the acquisition of Hillman. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and condition may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Hillman's filings with the Securities and Exchange Commission. Neither CCMP nor Hillman undertakes any duty to update any forward-looking statements made herein. SOURCE  The Hillman Companies, Inc.
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CCMP Capital To Acquire The Hillman Companies

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Deals of the day: CCMP buying Hillman Companies - Fortune

The Hillman Companies Names New CEO to Replace Retiring Head
May 23, 2013
By Iris Dorbian
The Hillman Companies said on Thursday that Executive Vice President and Chief Operating Officer James P. Waters will succeed Max W. Hillman as Chief Executive Officer, effective July 1, 2013. Waters, who had previously served as Hillman’s chief financial officer, joins the company’s board of directors, effective immediately. Hillman, who will retire as CEO after 44 years with the company, will retain a seat on the company’s board of directors. Headquartered in Cincinnati, the Hillman Companies, which is a portfolio company of Oak Hill Capital Partners, is a distributor of 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. PRESS RELEASE
CINCINNATI, May 23, 2013 /PRNewswire/ — The Hillman Companies, Inc. (Amex: HLM.PR) (“Hillman”) announced today that Executive Vice President and Chief Operating Officer James P. Waters will succeed Max W. (“Mick”) Hillman as Chief Executive Officer, effective July 1, 2013. Mr. Waters, who had previously served as Chief Financial Officer of Hillman, also joins Hillman’s Board of Directors, effective immediately. Mr. Hillman, who will retire as CEO after 44 years with the company, will retain a seat on Hillman’s Board of Directors. During his extraordinary career, Mr. Hillman grew his father’s hardware distributorship into a leading international value-added distributor serving multiple retail channels and product categories. Mr. Hillman said, “I want to thank all of the employees of Hillman for making the past 44 years so successful for our company. I am fortunate not only to have had the opportunity to lead this great organization through 30 years of uninterrupted growth, but also to have a leader of Jim’s caliber to hand the reins to. I look forward to supporting him in his new role and am confident that Hillman will flourish under his leadership.”
Tyler J. Wolfram , Chairman of the Board of Directors and a Managing Partner of Oak Hill Capital Partners, said, “We are extremely grateful to Mick for his many years of leadership and for his partnership with Oak Hill Capital, and we look forward to continuing our relationship with him in his role on the Board. With over two decades in the industry and 14 years at Hillman, Jim assumes the role of CEO with a proven track record of delivering strong financial and operational results. Hillman is currently presented with a number of exciting growth opportunities, and Jim is the right individual to lead the company into the future.”
Mr. Waters joined Hillman in 1999 as CFO and was promoted to EVP/COO in 2011. He served in these positions through a period of extensive growth, including seven acquisitions, significant market share gains and successful international expansion. During his tenure as COO, Hillman made its largest acquisition to date, H. Paulin & Company, which provided the company with an excellent market presence in Canada. Mr. Waters said, “I am thrilled for the opportunity to lead this outstanding organization. Together with Hillman’s dedicated and accomplished management team, I intend to carry on the culture of best-in-class customer service, commitment to our employees and community involvement that has been cultivated over the past 50 years by the Hillman family.”
About Hillman
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading value-added distributor of fasteners, key duplication systems, engraved tags and related hardware items to over 20,000 retail customers in the U.S., Canada, Mexico, South America and Australia, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and other retailers. Hillman provides a comprehensive solution to its retail customers for managing SKU intensive, complex home improvement categories. Hillman also offers its customers additional services, such as inventory management and in-store merchandising services. In May 2010, Oak Hill Capital Partners and Hillman’s management team formed a partnership to acquire Hillman. Oak Hill Capital Partners is a private equity firm with more than $8 billion of initial capital commitments from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. For more information about Oak Hill Capital Partners, visit www.oakhillcapital.com. For more information on Hillman, please visit our website at http://hillmangroup.com or call Investor Relations at (513) 851-4900, ext. 2084. © 2015 Buyouts Insider / Argosy Group LLC


The Hillman Companies Names New CEO to Replace Retiring Head

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The Hillman Companies is a provider of hardware-related products and related merchandising services to retail markets in North America. The Company's principal business is operated, through wholly owned subsidiary, The Hillman Group. The Hillman Group sells products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets in the United States, Canada, Mexico, Latin America and the Caribbean.

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