Blackstone to Acquire Interior Logic Group, a Leading, Data-driven Provider of Design Solutions to

Homebuilders, for $1.6 Billion

New York, February 1, 2021 – 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, added: “ILG’s technology, relationships and
purpose position it very well in the single-family real estate value chain. We look forward to
partnering with ILG’s leadership team and providing Blackstone’s operational resources and
expertise to support ILG, its homebuilder customers and prospective homeowners.”

Alan Davenport, Chief Executive Officer and Chairman of ILG, said: “This announcement is a
testament to our team’s hard work and the company we have built. As we look to the future, we
believe Blackstone will be an excellent strategic partner for our business as we accelerate our
planned growth initiatives and provide additional support and expertise to our value-added
technology solutions for our customers. Additionally, Littlejohn and Platinum Equity have been
terrific partners, providing significant operational expertise and resources, and helping us establish
our position as a market leader.”

Steven Raich, a Managing Director at Littlejohn, said: “ILG is a superb example of Littlejohn’s
approach to building businesses. We are proud of what we accomplished by supporting
management, investing in organic growth and executing strategic M&A, and believe that ILG’s best
days are ahead.”
Platinum Equity Partner Jacob Kotzubei and Platinum Equity Managing Director Todd Golditch
stated: “ILG showcased the power of Platinum’s operational approach, growing significantly under
our stewardship to the benefit of its customers, partners, employees and their communities. It has
been an outstanding investment and a testament to the hard work of everyone involved. We wish
the company continued success under new ownership.”

The transaction is subject to customary closing conditions, and is expected to close in the second
quarter of 2021. RBC Capital Markets, LLC served as sole financial advisor to Blackstone. Kirkland &
Ellis LLP is serving as legal advisor to Blackstone. Committed debt financing for the transaction is
being provided by Citi and Goldman Sachs & Co. Citi served as lead financial advisor and Goldman
Sachs & Co. and BofA Securities also served as financial advisors to ILG. Sheppard, Mullin, Richter &
Hampton LLP is serving as legal advisor to Littlejohn and Platinum Equity and Alston & Bird LLP is
serving as finance counsel.