Hillman Solutions Acquires Delaney Hardware from Sargent and Greenleaf

Hillman Solutions Corp. has finalized the acquisition of Delaney Hardware from Sargent and Greenleaf (S&G), a portfolio company of private equity firm OpenGate Capital. Announced on April 13, 2026, this transaction represents the concluding phase of OpenGate’s multi-step divestiture of S&G, following earlier sales of Premier Steel Doors and S&G’s high-security locking division.

OpenGate Capital acquired Sargent and Greenleaf from Stanley Black & Decker in May 2019. Shortly thereafter, S&G expanded its footprint by acquiring Delaney Hardware and Premier Steel Doors in December 2019. Over the course of OpenGate’s ownership, S&G evolved into a globally focused security solutions provider, enhancing its international presence, strengthening supplier and customer relationships, and improving operational capabilities including supply chain resilience and manufacturing reliability.

Terms of the Delaney Hardware acquisition by Hillman Solutions were not disclosed. The deal enhances Hillman’s position as a leading provider of hardware products and merchandising solutions by broadening its product portfolio and customer base. The acquisition is expected to generate synergies through cross-selling opportunities, supply chain consolidation, and operational integration.

Hillman Solutions operates in the hardware products and merchandising solutions sector, serving a broad industrial customer base. Delaney Hardware, a hardware-focused company, complements Hillman’s existing offerings and geographic reach, particularly in international markets where Delaney has established presence.

Andrew Nikou, Founder and Managing Partner at OpenGate Capital, commented, “We are pleased to have completed the full realization of S&G through a series of transactions with strategic buyers. The sale of each business unit to strategic acquirers reflects the positioning of the businesses and the work completed during our ownership.”

The acquisition aligns with industry trends of consolidation within the industrial hardware sector, where companies seek to expand product lines and improve operational efficiencies. Hillman’s integration of Delaney Hardware’s product development capabilities and operational best practices is expected to enhance forecasting accuracy and on-time delivery performance.

Financial details including deal value and multiples were not disclosed. OpenGate Capital’s operational team supported S&G through growth initiatives and operational improvements, resulting in a more resilient supply chain and enhanced manufacturing reliability.

Looking ahead, Hillman Solutions will focus on integrating Delaney Hardware’s operations, aligning processes, and retaining key personnel to ensure a smooth transition. The acquisition is anticipated to strengthen Hillman’s competitive position and accelerate growth through expanded market reach and product innovation.

Regulatory approvals were not mentioned, suggesting a straightforward closing process. This transaction concludes OpenGate Capital’s strategic divestiture of Sargent and Greenleaf, underscoring the firm’s expertise in corporate carve-outs and operational transformations within the industrial sector.