Landcadia Holdings III completed the merger with The Hillman Group in a $2.6bn deal.

Landcadia Holdings III, a special purpose acquisition company, completed the merger with The Hillman Group, a hardware and home improvement company, in a $2.6bn deal. Landcadia III commited $500m of cash in trust upon completion. In addition, investors led by Wells Capital Management and Columbia Threadneedle Investments invested $375m in the form of a PIPE. CCMP remains the biggest shareholder. “Hillman has been building real, sustainable value for our shareholders, customers, suppliers, employees and communities in which we work for more than a half century. Today starts our next chapter and we believe the best is yet to come for all our stakeholders. Our merger with Landcadia, PIPE investment and public listing provide us with a much stronger capital position, which we will use to expand in existing and adjacent product categories and retail channels, organically and through sensible, accretive acquisitions. With this strengthened capital position and home improvement spending expected to remain strong, Hillman’s 1,100 field sales and service team remain laser focused on solving complex issues, including labor and logistics challenges for best in class retailers – from big box stores, to your local hardware store," Doug Cahill, Hillman Chairman and CEO.