The Duchossois Group Agrees to Sell The Chamberlain Group LLC to Blackstone
The Chamberlain Group LLC (Chamberlain Group or the Company), a global leader in smart access solutions, today announced that its owner, The Duchossois Group, Inc. (The Duchossois Group), has entered into a definitive agreement to sell Chamberlain Group to private equity funds managed by Blackstone (Blackstone).
- The Chamberlain Group LLC (Chamberlain Group or the Company), a global leader in smart access solutions, today announced that its owner, The Duchossois Group, Inc. (The Duchossois Group), has entered into a definitive agreement to sell Chamberlain Group to private equity funds managed by Blackstone (Blackstone).
- 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.
- Today marks an important inflection point for Chamberlain Group as it continues its growth and transformation story, said JoAnna Sohovich, CEO of Chamberlain Group.
- Craig Duchossois, Executive Chair of The Duchossois Group, added, Chamberlain Group has been an important part of our family since 1980.