Interior Logic Group Holdings IV, LLC entered into a definitive agreement to acquire Residential Design Services, LLC from Select Interior Concepts, Inc. (NasdaqCM:SIC) for $215 million on May 9, 2021. Transaction is an all-cash transaction and is subject to customary purchase price adjustments. For the 12 months ended March 31, 2021, SIC reported RDS segment revenue of $333.5 million; RDS’ segment Adjusted EBITDA was approximately $19.0 million representing 11.3x purchase price to LTM Adjusted EBITDA. Transaction is subject to customary closing conditions which includes the receipt of required regulatory approvals and is expected to close mid-2021. SIC intends to use the proceeds from the transaction to repay all its outstanding indebtedness and capital lease obligations. RBC Capital Markets, LLC and Truist Securities, Inc. served as financial advisors to SIC and Alston & Bird LLP served as legal advisor to SIC on this transaction. Goldman Sachs & Co. LLC served as exclusive financial advisor, and Shawn OHargan and Peter Martelli of Kirkland & Ellis LLP served as legal advisor to Blackstone and ILG on this transaction. Evan Rosen of Davis Polk acted as legal advisor to Truist Securities, Inc. Interior Logic Group Holdings IV, LLC completed the acquisition of Residential Design Services, LLC from Select Interior Concepts, Inc. (NasdaqCM:SIC) on June 30, 2021