On May 28, 2010, The Hillman Companies, Inc. (Hillman Companies) (NYSE-Amex: HLM_P) announced that it completed its previously announced acquisition by Oak Hill Capital Partners from Code Hennessy & Simmons, Ontario Teachers' Pension Plan Board and certain members of management, in partnership with Hillman's management team. In connection with the closing of the acquisition by Oak Hill Capital Partners, The Hillman Group, Inc. a subsidiary of Hillman Companies, closed its previously announced issuance of 10.875% senior notes due 2018, and Hillman Companies and certain of its subsidiaries closed its new senior secured credit facility consisting of a US$290 million term loan and a US$30 million revolving credit facility. The aggregate value of the transaction was approximately US$815 million.
Oak Hill Capital Partners is a private equity firm with over US$8.4 billion of committed capital. Its partnerships comprise over US$30 billion of investment capital.
Ontario Teachers' Pension Plan manages Canada's largest single-profession pension plan, with C$96.4 billion in net assets.
The Hillman Companies is a stockkeeping unit (SKU) distributor headquartered in Cincinnati, Ohio. It distributes 60,000 SKUs, including fasteners, key duplication systems, engraved tags and related hardware items to retailers in the United States, Canada, Mexico and South America. Hillman also offers inventory management, in-store merchandising services and other services.
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