The Blackstone Group completed the acquisition of Chamberlain Group, a provider of smart access solutions across residential and commercial properties, from The Duchossois Group, an investment company, for $5bn. "Today marks an important inflection point for Chamberlain Group as it continues its growth and transformation story. I enthusiastically support this transaction because it is in the best interests of our shareholders and our Company. Blackstone’s deep experience and success in forming large corporate partnerships with family-led companies provides us with the perfect foundation to propel Chamberlain Group through its next chapter. Blackstone’s extensive presence across geographies will help Chamberlain Group build meaningful relationships and capitalize on new market opportunities," JoAnna Sohovich, Chamberlain Group CEO.