Littlejohn & Co. wraps up Handy Hardware deal
Littlejohn & Co., LLC has wrapped up the acquisition and recapitalization of Handy Hardware Wholesale, which filed for Chapter 11 bankruptcy last January and was sold in April.
Littlejohn, a private investment firm based in Greenwich, Connecticut, has a stake in wholesale distribution as well as hardware.
The Houston-based Handy Hardware was founded 60 years ago as a wholesale hardware distributor to independent retailers. Its nearly 50,000 items reach about 1,000 customers in nine U.S. states, primarily in the South. Its specialities run the gamut from plumbing and electrical to hardware, paint, hand and power tools, lawn and garden care, automotive and office supplies.
Under the deal reached in April, Handy will maintain its brand but will no longer function as a member-owned co-op.
Handy Hardware's August markt will take place in San Antonio, Texas, Aug. 15-17.