Chicago Family Poised for $29 Billion Windfall After Record Buyout
The Mills clan is selling a 79% stake in Medline in what is possibly the largest liquidity event ever for one family.
A Medline Industries facility in Wilmer, Texas.
Photographer: TRIPPLAAR KRISTOFFER/SIPA/SIPPL Sipa USAThis article is for subscribers only.
The Mills family has for decades stayed out of the spotlight, avoiding flashy purchases and society pages while quietly running one of the largest medical-supply companies in the U.S.
That’s all about to change. In the coming days, the Chicago-based clan stands to receive a $28.7 billion windfall, before taxes. It may be the largest liquidity event for a single family, with the proceeds spread among fewer than 30 people and a small group of trusted executives.