The Chamberlain Group has announced that its owner, The Duchossois Group, has entered into a definitive agreement to sell Chamberlain Group to private equity funds managed by Blackstone. The financial terms were not disclosed.
Blackstone is investing in Chamberlain Group through its core private equity strategy, which invests in high-quality, market-leading companies for longer periods than traditional private equity.
Following the close of the transaction, Chamberlain Group will remain a privately held company headquartered in Oak Brook, Ill. As part of the agreement, The Duchossois Group will retain meaningful ownership in the company and two seats on the company’s board of directors following the close of the transaction. The transaction values Chamberlain Group at approximately $5 billion.
Chamberlain Group will build on its leading presence providing high-quality access hardware and seamless, cloud-driven solutions that move customers safely through their