OpenGate Capital Portfolio Company Sargent and Greenleaf Completes Sale of Delaney Hardware to Hillman

NEW YORK & PARIS--(BUSINESS WIRE)-- OpenGate Capital (“OpenGate”), a global private equity firm specializing in complex corporate carve-outs and operational transformations across the industrial sector, announced today that its portfolio company Sargent and Greenleaf (“S&G”) has completed the sale of Delaney Hardware to Hillman Solutions Corp. (Nasdaq: HLMN), a leading provider of hardware products and merchandising solutions. The transaction represents the final step in OpenGate’s multi-phase realization of S&G.

OpenGate acquired S&G from Stanley Black & Decker in May 2019. In December 2019, S&G expanded through its acquisitions of Delaney Hardware and Premier Steel Doors. Premier Steel Doors was sold to ASSA ABLOY in December 2024, followed by the sale of S&G’s high-security locking division to ASSA ABLOY in December 2025.

During OpenGate’s ownership, and with the support of its operations team, S&G executed a series of growth and operational initiatives, evolving into a globally focused security solutions provider. The company expanded its international footprint, strengthened key customer and supplier relationships and advanced product development capabilities. These efforts were supported by a more resilient supply chain and enhanced manufacturing reliability, resulting in improved forecasting accuracy, stronger on-time delivery performance and continued investment in personnel and equipment.

“We are pleased to have completed the full realization of S&G through a series of transactions with strategic buyers,” said Andrew Nikou, Founder and Managing Partner at OpenGate. “The sale of each business unit to strategic acquirers reflects the positioning of the businesses and the work completed during our ownership.”

Terms of the agreement were not disclosed.

About OpenGate

OpenGate is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Headquartered in both New York and Paris, OpenGate has been building and transforming businesses since 2005. OpenGate’s professionals possess the skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate has executed more than 40 platform acquisitions across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

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OpenGate Contact:
Joshua Adams
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Source: OpenGate Capital

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