Thursday, October 28, 2021
No menu items!
Home Tech Blackstone to Buy Chamberlain Group

Blackstone to Buy Chamberlain Group


Blackstone Group Inc. has agreed to buy the Chamberlain Group LLC in a deal that values the family-owned maker of LiftMaster garage-door openers at about $5 billion including debt, officials from the companies said.

The private-equity giant is doing the deal through its core private-equity fund, which aims to buy high-quality companies and hold them for longer than the typical buyout fund. Blackstone will purchase Chamberlain from Duchossois Group Inc., a family-owned entity comprising operating companies and an investment firm. Duchossois will retain two board seats and a significant minority stake in the business following the close of the deal.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments