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Should a sale of Tamko materialize, it would add to a string of deals in the building products sector as larger firms look to consolidate the roofing space.
It was also the first quarter since late 2022 that Blackstone’s big real estate fund for individuals collected incentive fees, which are tied to performance thresholds.
While executives credit Schwartz for earning the founders’ trust, some worry he may be building consensus at the expense of making more dramatic changes at a PE firm that has fallen behind.