CCMP Capital Advisors said Monday it has agreed to acquire a controlling stake in The Hillman Companies from fellow private equity firm Oak Hill Capital Partners in a deal that values the Cincinnati-based hardware distributor at $1.48 billion.

Weil, Gotshal & Manges is representing CCMP in the transaction, while Paul, Weiss, Rifkind, Wharton & Garrison is serving as outside counsel to both Oak Hill and Hillman.