 ATLANTA, May 09, 2021 GLOBE NEWSWIRE -- Select Interior Concepts, Inc. NASDAQ: SIC, a premier installer and distributor of interior building products, today announced that it has entered into a definitive agreement to sell its Residential Design Services segment RDS, in an all-cash transaction to Interior Logic Group ILG, a portfolio company of Blackstone. The transaction is valued at approximately 215 million, subject to customary purchase price adjustments, and is expected to close mid-2021, subject to customary closing conditions which includes the receipt of required regulatory approvals. SIC intends to use the proceeds from the transaction to repay all its outstanding indebtedness and capital lease obligations. 