The deal valued Hillman, whose products include key duplication systems, fasteners, letters, numbers and signs, engraved tags and builder’s hardware, was valued at $1.475bn.
Hillman currently has more than 26,000 retail customers in the US, Canada, Mexico, South America and Australia.
Oak Hill and its affiliates will retain a significant minority stake in the business.
CCMP managing director Joe Delgado said, “The company has a tremendous platform, including a unique, high-touch sales and service team of over 800 members and a sophisticated sourcing and distribution network throughout the US, Canada and Mexico.
“We look forward to working with (CEO Jim Waters) and the entire Hillman team to help drive Hillman’s next phase of growth as the company expands organically and through strategic acquisitions into adjacent markets and new geographies.”
Back in March it was reported that CCMP had secured $2.3bn for its second independent fund.
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