GlobeNewswire·Aug 3, 2026, 4:25 PM ET

Hillman to Acquire Kanebridge, Establishes Industrial Master Distribution Presence in U.S.

Hillman Solutions Corp. entered a definitive agreement to acquire Kanebridge Corporation, a master distributor of industrial fasteners, for $315 million subject to customary adjustments.
The acquisition expands Hillman's total addressable market in the industrial sector by $1 billion, bringing the total TAM to $3 billion.
Kanebridge supplies over 44,000 commercial & military-grade fastener SKUs from warehouses in Illinois and California, serving distributors exclusively in the U.S. and Canada.
The deal is expected to be accretive to Hillman's margins and earnings through cost synergies, sales synergies from cross-selling, and material tax benefits.
Kanebridge will operate under Hillman's Commercial & Industrial business unit led by EVP Chris Martin following the transaction's completion.
The transaction is funded via a combination of cash on hand, borrowings from the asset-based revolving credit facility, and an add-on to the existing First Lien Term Loan.
Regulatory approvals and customary closing conditions remain pending before the deal can close.
Jefferies LLC acts as financial advisor and Thompson Hine LLP as legal counsel for Hillman, while Piper Sandler and Koley Jessen P.C. represent Kanebridge.