Landcadia Holdings III, Inc
LCY
NASDAQ Capital Market12.17
USD
+0.24
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Landcadia Holdings III, Inc
LCY
(NASDAQ Capital Market)
Recent
price
12.17
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Landcadia Holdings III, Inc. (LCY) operates as a blank check company focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily targeting the consumer, dining, hospitality, entertainment, and gaming sectors; it raised $500 million in its initial public offering in October 2020 and lists on Nasdaq under the ticker LCY. Founded in 2020 and headquartered in Houston, Texas, the company is sponsored by TJF, LLC (wholly owned by Tilman J. Fertitta) and Jefferies Financial Group Inc., with leadership including CEO and Co-Chairman Tilman J. Fertitta and President and Co-Chairman Richard Handler. In July 2021, Landcadia Holdings III, Inc. completed a major business combination with HMAN Group Holdings Inc., the parent of The Hillman Group, Inc., a leading hardware and home improvement distributor, resulting in the combined entity trading as Hillman Solutions Corp. under the ticker HLMN; this merger provided enhanced capital for expansion in product categories and retail channels. Recent developments for the post-merger entity include Hillman's acquisitions of Koch Industries in January 2024, adding rope, twine, chain, and wire rope products, and Intex DIY, Inc. in August 2024, bolstering its Protective Solutions segment with innovative cleaning rags and related items estimated at $55 million in 2024 revenue; additionally, Hillman announced a partnership with Kontoor Brands in 2024 to launch Wrangler-branded work gloves in 2025. Hillman Solutions Corp. serves over 40,000 locations across North America, including home improvement centers, mass merchants, hardware stores, pet supply stores, and OEM/industrial customers, leveraging a field sales and service team of approximately 1,100.
Landcadia III Announces That There Were No Stockholder Redemptions In Connection With Proposed Business Combination with The Hillman Group