Odyssey Investment Partners (Odyssey) has acquired Service Champions, a residential HVAC and plumbing services company. Financial terms of the transaction have not been disclosed.Service Champions, founded in 2000, offers a broad suite of essential heating, air conditioning, and plumbing services through several iconic local trade names located on the West Coast, including Service Champions, Moore Home Services, Bell Brothers, ASI, Adeedo! and ProSkill Services. Headquartered in Orange County, California, Service Champions focuses on delivering its customers world-class customer service and has a leading position in nearly all of its core markets in California, Arizona, and Nevada.
Leland Smith, founder and CEO, will continue to lead Service Champions alongside the existing management team. Smith and several other members of the executive management team will retain a significant ownership position.
Smith says: “We are enthusiastic about our new partnership with Odyssey, which has a long track record of supporting management teams looking to further expand their businesses. Our team has a lot of runway in front of us to expand our best-in-class customer service and implement operational best practices across all brands in the portfolio. Odyssey understands our business and the opportunities that lie ahead, and is well-positioned to help us build on our accomplishments and reach our full potential.”
Dennis Moore, a Managing Principal at Odyssey, says: “Service Champions is a compelling opportunity to build on Odyssey’s successful history of investing in localised service businesses. We are excited to invest in a growing business with attractive opportunities to grow organically and through acquisitions.”
Jonathan Hall, a Principal at Odyssey, adds: “Leland and the management team have done an outstanding job of establishing Service Champions as a leading provider of essential home services on the West Coast. We believe the business is uniquely positioned to execute on the underlying market opportunity and we are excited to support the team in achieving their growth objectives.”
Latham & Watkins LLP served as legal advisor to Odyssey, and KPMG served as financial advisor.
