Blackstone To Buy Garage Door Opener Specialist Chamberlain Group

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Private equity firms have amassed sizable stakes in countless glamorous businesses, from casinos lining the Vegas strip to professional sports teams. But some of the most alluring investments come from everyday places.

PE industry stalwart Blackstone Group has just agreed to buy the family owned Chamberlain Group — parent of top-of-the-line garage door opener purveyor, LiftMaster. The Wall Street Journal reported news of the deal Tuesday, which values the company at roughly $5 billion including debt.

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Source Fool.com