Hillman Solutions Closes $315 Million Kanebridge Acquisition

Hillman Solutions Corp. completed its acquisition of Kanebridge, LLC, a U.S. and Canada-based industrial fastener distributor, for $315 million. The deal expands Hillman's industrial market reach to $3 billion. Hillman funded the acquisition with cash, a credit facility draw, and a $200 million term loan.

Hillman Solutions added $200 million in senior secured term loans, maturing in 2033, to finance its Kanebridge acquisition. The loans are priced at SOFR plus 2.00% or ABR plus 1.00% and are secured by the company's assets. The funds, along with cash and revolver borrowings, covered part of the acquisition and related fees.

Hillman Solutions Corp. (HLMN) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Hillman Completes Acquisition of Kanebridge Strategic Acquisition Establishes Hillman’s Long-Tail Master Distributor Presence in the U.S. Industrial Market CINCINNATI – September 3 – Hillman Solutions Corp . ( Nasdaq: HLMN ) (the "Company" or "Hillman"), a leading provider of har

Hillman Solutions Corp. (HLMN) completed its $315M acquisition of Kanebridge, a U.S. industrial fastener distributor. The deal expands Hillman's industrial market reach to $3B and diversifies its customer base. Hillman funded the acquisition with cash, credit, and a new $200M term loan.

Hillman Solutions (HLMN) completed its $315 million acquisition of Kanebridge, a U.S. industrial fastener distributor with 44,000 SKUs. The deal expands Hillman's industrial market to $3 billion. Funding included cash, credit facility draws, and a new $200 million term loan. Hillman's CEO sees it as a strategic move to diversify and tap into secular demand trends.

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