Blackstone to Acquire Interior Logic Group, a Leading, Data-driven Provider of Design Solutions to Homebuilders, for $1.6 Billion


Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone (“Blackstone”) have reached a definitive agreement to acquire Interior Logic Group Holdings, LLC (“ILG”) from Littlejohn & Co. LLC (“Littlejohn”), Platinum Equity and other equity holders, for a total transaction value of approximately $1.6 billion.

ILG is a leading, data-driven and technology-enabled provider of interior design, supply chain and installation management solutions to several of the nation’s largest single-family homebuilders. The company delivers to homebuilders and prospective homeowners critical information and support during the journey of moving into a new home, and utilizes technology, data, design expertise and supplier relationships to help enable buyers to complete their home purchases. ILG operates across 37 states, providing its capabilities to help enable the completion of nearly 100,000 homes per year.

Seth Meisel, a Senior Managing Director at Blackstone, said: “We are very excited about ILG’s future. Already an industry leader, ILG has tremendous potential to build on its strong foundation supporting homebuilders and homeowners. We look forward to partnering with ILG in the years ahead to help expand its geographic reach, enhance its technological innovation, and develop new opportunities.”

Vikram Suresh, a Managing Director at Blackstone,

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Blackstone to Buy Interior Logic for $1.6 Billion in Housing Bet

(Bloomberg) — Blackstone Group Inc. is buying Interior Logic Group Inc. for about $1.6 billion including debt, preempting the company’s initial public offering and bolstering a bet on single-family housing.

a bedroom with a view of a living room

© Photographer: Ty Wright/Bloomberg

Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker “ILG.”


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Interior Logic also provides supply-chain and installation-management services to homebuilders. The Irvine, California-based company operates in 37 states. Blackstone hopes to expand the company’s geographic reach and enhance its technology, said Seth Meisel, a senior managing director with the firm.

“ILG’s technology, relationships and purpose position it exceptionally well in the single-family real estate value chain,” Vikram Suresh, a managing director at Blackstone, said in the statement. The investment is being done through the firm’s private equity business.

Blackstone, one of the world’s largest real estate investors, is getting in on the rebound in single-family housing in the U.S. fueled by low borrowing costs and the need for larger living spaces during the pandemic. U.S. home construction starts climbed in December to

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Blackstone Real Estate Income Trust and LBA Logistics Announce $1.6B Industrial Recapitalization

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Blackstone Real Estate Income Trust, Inc. (“BREIT”) and LBA Logistics (“LBA”) today announced the recapitalization of two industrial portfolios owned by LBA comprising $1.6 billion of gross value. BREIT acquired an approximately 60{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} combined interest across both portfolios, and LBA’s investment fund and its investors retained the balance.

The portfolios comprise 71 high quality assets totaling 9.5 million square feet and are approximately 95{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} occupied. The assets are located predominantly in last mile locations in West Coast markets with the vast majority in California and Seattle, which are two of the best performing industrial markets in the country.

Brian Kim, Head of Acquisitions & Capital Markets for BREIT, said, “This transaction represents a compelling opportunity to acquire high-quality last mile industrial assets on behalf of our BREIT investors. Logistics is one of our highest conviction investment themes globally, and this acquisition illustrates BREIT’s continued momentum executing on exciting opportunities with significant growth potential. LBA Logistics is a best-in-class operator in the logistics sector, and we look forward to expanding our partnership with them.”

Phil Belling, LBA’s Managing Partner, added, “These assets are benefitting from the strong fundamentals

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