Hillman closed Kanebridge for about $315 million.

Hillman completed its Kanebridge acquisition on August 28 for about $315 million, subject to customary post-closing adjustments, funded with cash, an ABL draw, and a new $200 million term loan B.

On August 28, 2026, Hillman Solutions Corp., through a wholly owned subsidiary, completed its previously announced acquisition of Kanebridge, LLC pursuant to an Equity Purchase Agreement dated July 31, 2026. Hillman’s Form 8-K (AccNo 0001822492-26-000144; Date of earliest event August 28, 2026; Items 1.01, 2.01, 8.01, and 9.01; accepted September 3, 2026 at 03:45:47 ET) records that close and the related credit amendment. On September 3, 2026, the company issued a press release announcing the completion as Exhibit 99.1.

What closed — and for how much

Item 2.01 says the aggregate purchase price was approximately $315 million, subject to customary post-closing adjustments for cash, indebtedness, working capital, and transaction expenses. Exhibit 99.1 restates the same approximate $315 million figure, subject to customary adjustments, and notes the acquisition was first announced on August 3, 2026.

Kanebridge, as described in the release, is a master distributor of industrial fasteners. It supplies more than 44,000 commercial and military-grade fastener SKUs to distributors across the U.S. and Canada. Hillman says the deal gives the company its first U.S. master distribution platform in the industrial fastener market and expands the company’s industrial addressable market to approximately $3 billion. Those platform and addressable-market lines are the company’s characterizations on the close release.

Cash, ABL, and the $200 million TLB

The acquisition was funded with cash on hand, borrowings under the company’s existing revolving credit facility (an asset-based revolving facility on the press release), and proceeds from $200 million of Additional Term Loans.

On August 28, 2026, The Hillman Companies, Inc. and The Hillman Group, Inc. entered into Amendment No. 1 to the term loan credit agreement dated July 22, 2026. Item 1.01 says the First Amendment provides for an additional $200.0 million of senior secured term loans on the same terms and maturity as the company’s existing senior secured term loans maturing July 22, 2033. Pricing for the Additional Term Loans is, at the Borrower’s option, SOFR plus a margin of 2.00% or ABR plus a margin of 1.00%. Exhibit 99.1 prints the same $200 million term loan B as priced at SOFR plus 200 basis points.

The Additional Term Loans, per Item 1.01, contain usual and customary representations, warranties, covenants, and events of default for facilities of this type and do not contain financial maintenance covenants. Proceeds were used, together with cash and revolving borrowings, to finance a portion of the Kanebridge consideration and related fees and expenses.

Adinolfi on the close

Hillman’s President and Chief Executive Officer, Jon Michael Adinolfi, in Exhibit 99.1: “Kanebridge is a strategic acquisition that establishes our position as a long-tail supplier to industrial distributors in the U.S. Kanebridge diversifies our customer base and expands our presence in the industrial distribution channel, which is positioned to benefit from secular tailwinds. We are thrilled to welcome the Kanebridge team to Hillman and build on our shared commitment to service and a customer-first culture.”

The release describes Kanebridge as a leading U.S. master distributor of commercial and military-grade fasteners for more than 50 years, with more than 44,000 SKUs available for same-day shipment from warehouses in Illinois and California. That is the company’s “About Kanebridge” block on the close release.

Post-close adjustments still to true up

Customary post-closing purchase-price adjustments for cash, indebtedness, working capital, and transaction expenses. Whether later filings restate the approximately $315 million figure after those true-ups. Integration outcomes beyond the company’s printed strategic rationale — the close release does not print EBITDA contribution, run-rate synergies, or a multiple for this transaction.