The start-up and mergers and acquisition space for smart access and smart buildings continued its hot pace today with The Chamberlain Group, a global provider of smart access solutions, announcing that it has been purchased by private equity funds managed by Blackstone.
The Chamberlain Group's owner, The Duchossois Group, Inc. has entered into a definitive agreement for a transaction expected to close by the end of 2021, subject to regulatory approvals and customary closing conditions.
The Chamberlain Group is best known for its brands LiftMaster, Chamberlain, Merlin and Grifco, found in millions of residential and commercial access applications across the globe.
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