Greenwich, Conn.-based investment firm Littlejohn & Co. LLC wrapped up the purchase of Handy Hardware Wholesale Inc. as part of a recapitalization deal.
The deal was originally announced on July 26.
Handy is a wholesale hardware distributor to independent hardware retailers located primarily in the southern U.S. The Houston-based company filed for Chapter 11 bankruptcy protection on January 11 in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. Judge Mary Walrath approved the sale on July 25, when she confirmed Handy Hardware’s reorganization plan.
Founded nearly 60 years ago, Handy brand products are distributed to more than 1,000 customers in a variety of categories, including plumbing, electrical, general hardware, paint, power tools, garden care, automotive, and office supplies.