Blackstone acquires Champions Group

Blackstone has announced a definitive agreement to acquire Champions Group, a prominent provider of essential home services, from Odyssey Investment Partners. Although financial specifics of the transaction remain undisclosed, the deal involves a significant minority stake retained by Odyssey and the management team. This move signals Blackstone’s continued focus on expanding its portfolio within the home services sector, leveraging Champions Group’s established market presence.

Champions Group, based in Orange County, operates a comprehensive residential services platform. The company employs over 1,800 field technicians and serves 150,000 active members, employing a unique membership model to deliver heating, air conditioning, plumbing, and electrical services. The acquisition aims to consolidate these key services, enhancing reliability and scale, according to Michael Staub, Senior Managing Director at Blackstone.

The strategic rationale behind this acquisition is to strengthen Champions Group’s market position and accelerate its growth trajectory. Frank DiMarco, CEO of Champions Group, expressed confidence that Blackstone's resources and industry expertise would support the company’s expansion efforts. The collaboration with Odyssey has already fostered significant organic growth alongside strategic acquisitions, according to Odyssey CEO Brian Kwait.

This acquisition underscores a broader trend in the home services sector where assets are becoming increasingly attractive to major private equity players seeking sustainable, long-term value. Blackstone, with its extensive asset management capabilities, is poised to leverage its scale and operational expertise to elevate Champions Group's service offerings and market reach. Competitors in the home services market may face increased pressure as Blackstone aims to redefine service expectations.

The transaction, anticipated to close in the first half of 2026, is subject to customary regulatory approvals and conditions. Advisers for the transaction include Weil as Blackstone’s legal counsel, with William Blair acting as the lead financial advisor to Champions Group and Odyssey, supported by Piper Sandler and Baird. As the market awaits further developments, the next milestones will focus on regulatory clearance and integration strategies.