Blackstone to Buy Chamberlain Group

The Wall Street Journal2021-09-07

Deal values family-owned maker of garage-door openers at about $5 billion. Blackstone GroupInc.BX-1.52%has agreed to buy the Chamberlain Group LLC in a deal that values the family-owned maker of ...

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Comments

dahae
2021-09-07
dahae
????????
- dahae:
  ????????
- BlueHi5:
  Comment
SirBahamut
2021-09-07
SirBahamut
Lol
- Abcdefgg:
  K
cammietang90
2021-09-07
cammietang90
Pls like, thanks
- tinggie:
  y
BBBBBBBBBB
2021-09-07
BBBBBBBBBB
Ok
- PanaCota:
  ok
- YWC:
  Hi
- Deathminos:
  Yes
JiaocyTi
2021-09-07
JiaocyTi
Good
- JiaocyTi:
  Buy
- AventadorKK:
  yes indeed

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The company’s myQ platform lets users control their garage doors and grant access remotely to the dog walker, a repairman or delivery person.\nChamberlain in 2019 launched a partnership withAmazon.comInc.that allows Amazon Prime customers in select cities to have packages securely delivered to their garages.\nChamberlain Group also owns Controlled Products Systems Group, a U.S. wholesale distributor of access-control equipment, such as keyless entry pads and card readers, and loading-dock equipment maker Systems LLC.\nBlackstone plans to invest in expanding Chamberlain’s connected-services business to more commercial and industrial markets, including residential communities, warehouses and loading docks. 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But people are also replacing working garage-door openers to get the better tech-enabled one.”\nThe Duchossois family’s connection to Chamberlain dates back to 1979, whenThrall Car ManufacturingCo., a railroad-equipment maker of which family patriarch Dick Duchossois was president, bought the company. 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like, thanks&nbsp;","listText":"Pls like, thanks&nbsp;","text":"Pls like, 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