Littlejohn & Co. said Monday it completed its buy of Handy Hardware. Handy Hardware emerged from Chapter 11 after the U.S. Bankruptcy court in Wilmington, DE approved the transaction on July 25. Houston-based Handy Hardware sells nearly 50,000 items in categories such as plumbing, electrical and general hardware.
PRESS RELEASE
GREENWICH, CT, August 5, 2013 — Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, announced today that it has completed the acquisition and recapitalization of Handy Hardware, a leading wholesale hardware distributor to independent hardware retailers. Handy Hardware emerged from Chapter 11 after the U.S. Bankruptcy court in Wilmington, DE approved the transaction on July 25.
Based in Houston and founded nearly 60 years ago, Handy Hardware provides a broad offering of nearly 50,000 items. These name brand products are distributed to over 1,000 customers in such categories as plumbing, electrical, general hardware, paint, hand and power tools, lawn and garden care, automotive, and office supplies. The company distributes its products to retail hardware stores in nine states located primarily in the southern U.S.
About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based private equity and distressed securities firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm is currently investing from Littlejohn Fund IV, L.P., which has over $1.3 billion in capital commitments. For more information, visit www.littlejohnllc.com.
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