Blackstone to Buy Interior Logic for $1.6 BilIon

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. Private equity funds managed by B

BY Realty Plus
Published - Wednesday, 03 Feb, 2021

Blackstone to Buy Interior Logic for $1.6 BilIon

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. Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity. 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. The investment is being done through the firm’s private equity business.