Carlyle Group Said to Mull Options for Tamko, Including Sale

Carlyle Group Inc. and the family owners of Tamko Building Products are considering a sale that could value the maker of roof shingles at more than $3.5 billion, according to people familiar with the matter.

The investment firm is working with an adviser to review strategic options for the Galena, Kansas-based company, said the people, who asked not to be identified because they weren’t authorized to speak publicly.

Carlyle bought a minority stake in the business in 2019 for an undisclosed sum. The potential transaction is being evaluated in tandem with Tamko’s majority owner, the family of Chairman and ...