- HLMN went public in July 2021 by combining with Tilman Fertitta led SPAC, Landcadia III.
- It was a solid deal to take public a leading and profitable supplier of hardware and related products established in 1964.
- The deal received a relatively lukewarm reception since Fertitta followers were probably expecting something more exciting from the NBA Houston Rockets, casino, and restaurant owner.
- Unlike the vast majority of SPAC targets, Hillman is undervalued on current operating results, not on ebullient projections, especially when compared to other companies in the space.
For further details see:
Hillman Solutions Corp. Is An Undervalued Home Improvement Play