$HLMN (HILLMAN SOLUTIONS) — 8-K: Hillman closes $315M Kanebridge buy, adding 44,000 fastener SKUs

Hillman completed its acquisition of Kanebridge, LLC for approximately $315 million, subject to customary adjustments. Kanebridge supplies more than 44,000 commercial and military-grade fastener SKUs to distributors across the U.S. and Canada. The deal establishes Hillman’s first U.S. master distribution platform in industrial fasteners and expands its industrial addressable market to approximately $3 billion. Hillman funded the transaction with balance sheet cash, a draw on its existing asset-based revolving credit facility, and a new $200 million term loan B priced at SOFR plus 200 basis points.

Hillman completed its acquisition of Kanebridge, LLC for approximately $315 million, subject to customary adjustments. Kanebridge supplies more than 44,000 commercial and military-grade fastener SKUs to distributors across the U.S. and Canada. The deal establishes Hillman’s first U.S. master distribution platform in industrial fasteners and expands its industrial addressable market to approximately $3 billion. Hillman funded the transaction with balance sheet cash, a draw on its existing asset-based revolving credit facility, and a new $200 million term loan B priced at SOFR plus 200 basis points.