The investment firm CCMP Capital is only the most recent incarnation of a long line of mergers and company evolutions. The first of this line was in the first few years of the 1980s when Chemical Bank formed Chemical Venture Partners. This was only the beginning of several decades of company name changes and/or transitions. Stephen Murray CCMP Capital was founded in 2006 as a means to realize an investment strategy by J.P. Morgan Partners, Chemical Venture Partners, Manufacturers Hanover, and Chase Capital Partners. This strategy was to specialize in buying out and taking over the operations of successful companies. With some alterations, this has remained CCMPs strategy. The strategy has blossomed and continues to grow in success. Since its founding, CCMP has invested in many different companies and has acquired the accompanying expertise in that area.
CCMP was headed by CEO Stephen Murray until his death earlier this year. First joining the firm in 1989, Murray rode the long line of mergers and created companies for over 25 years until the founding of Stephen Murray CCMP Capital. He was one of the partners who took it to first greatness. In Murrays unfortunate departure, Greg Brenneman has taken the reins. Before his departure, Murray helmed the merger with The Hillman Companies, Inc. in the May of 2014. The merger will solidify CCMPs standing as a world investment powerhouse. This is because the partnership will give CCMP the controlling interest in Hillman which has been valued at $1.475 billion.
Hillman was founded in 1964. It continues to be the leader of the hardware and home improvement industry. Naturally, the company offers products in this area. It offers everything that may be needed in domestic, public, or industry hardware or home improvement projects. However, it also offers such stores assistance in inventory management and merchandising services. Hillman services over 26,000 stores throughout the U.S., Canada, Mexico, South America, and Australia. To aid it in distribution of products and sources, Hillman has a huge network of facilities throughout the U.S. Canada, and Mexico.
CCMP is excited about taking Hillman even further. The investment giant is assured by the experience of Oak Hill Capital that it has made a good, sound investment. Oak Hill Capital first invested in Hillman in 2010 and has since reaped the great benefits.
And in turn, the leaders of Hillman are excited about what CCMP can bring to the table. They are especially excited because CCMP has tons of experience with retail and supply management and construction and home improvement companies. The London-based bank, Barclays, supervised the transaction.