Private investment major Blackstone is to acquire Champions Group, a provider of essential home services, from Odyssey Investment Partners, in a deal reportedly valuing the Orange County, California-based business at around $2.5bn.
Odyssey and Champions’ management team will retain a significant minority stake alongside Blackstone.
Champions Group operates a scaled, integrated residential services platform across major US markets, employing over 1,800 field technicians and serving 150,000 active members. The company has built a differentiated approach through its membership model and focus on high-quality customer service.
Frank DiMarco, CEO of Champions Group, said the deal “marks a defining next chapter” for the company. He added that Blackstone’s resources and expertise would help accelerate growth and strengthen the company’s market leadership.
Blackstone senior executives highlighted the opportunity to consolidate essential home services under one platform, aiming to set a new industry standard for quality, reliability, and scale delivered locally. Odyssey leaders said the partnership with Blackstone would enable Champions to continue expanding through organic growth and strategic acquisitions.
The transaction is expected to close in the first half of 2026, subject to customary conditions. William Blair served as lead financial advisor to Champions Group and Odyssey, with Piper Sandler and Baird as co-advisors, while Weil and Latham & Watkins LLP acted as legal counsel to Blackstone and Odyssey, respectively.
