In a deal worth approximately $1.6 billion, Blackstone will acquire Interior Logic Group, an interior design, supply chain, and installation management solutions provider for single-family homebuilders.
Blackstone reached an agreement with Littlejohn & Co., Platinum Equity and other equity holders earlier this week to acquire ILG, which operates across 37 states and helps facilitate the completion of nearly 100,000 homes per year.
"ILG's technology, relationships and purpose position it very well in the single-family real estate value chain," said Vikram Suresh, a managing director at Blackstone in prepared remarks. "We look forward to partnering with ILG's leadership team and providing Blackstone's operational resources and expertise to support ILG, its homebuilder customers and prospective homeowners."
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