Littlejohn & Co. to Acquire and Recap Handy Hardware

Greenwich, CT-based private investment firm Littlejohn & Co. said Friday that it is leading the acquisition and recapitalization of Handy Hardware. No financial terms were disclosed. The transaction, which is expected to close during the week of August 5, 2013, was approved on Thursday by the United States Bankruptcy Court for the District of Delaware as part of a Chapter 11 plan for Handy Hardware. Also, Doug Miller has been named interim CEO of Handy Hardware. Located in Houston, Handy Hardware is a wholesale hardware distributor to independent hardware retailers.

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