Hillman Solutions Corp. has agreed to acquire industrial fastener master distributor Kanebridge Corporation for $315 million.

The acquisition expands Hillman’s addressable industrial market opportunity by $1 billion, bringing the total TAM to $3 billion. Kanebridge gives Hillman an immediate, scaled platform to serve long-tail, high-specification fastener requirements across industrial and specialty distribution channels, while creating new cross-sell opportunities across Hillman’s existing C&I, Pro and DIY customer base.

Founded in 1975, Elgin, IL-based Kanebridge supplies more than 44,000 commercial and military-grade fastener SKUs to distributors throughout the U.S. and Canada from warehouses in Illinois and California.

“Kanebridge gives us an immediate and credible foothold in the industrial channel, which we’ve identified as one of our biggest growth opportunities,” stated Hillman CEO Jon Michael Adinolfi. “Their master distributor model, capabilities-driven platform, and long-standing distributor relationships make it a great fit for us.”

Kanebridge will operate as part of Hillman’s commercial & industrial business, led by Chris Martin, EVP, Commercial & Industrial.

Founded in 1964, Cincinnati-based Hillman offers 110,000 SKUs of fasteners and building hardware to retail customers in the U.S., Canada, Mexico, South America and Australia.