Blackstone announced a definitive agreement to acquire Champions Group, a leading residential services platform, through its BXPE strategy. The deal will bring Champions Group’s integrated home‑repair and replacement services, operating in tier‑one MSAs with 1,800 field technicians and 150,000 active members, under Blackstone ownership. The transaction is expected to close in the first half of 2026, subject to customary conditions, and the terms of the deal were not disclosed.
While the terms remain confidential, some reports suggest a potential value of about $2.5 billion. The acquisition aligns with Blackstone’s perpetual private‑equity strategy, which seeks long‑term capital for stable, recurring‑revenue businesses. The home‑services sector’s fragmented landscape and growing demand for essential maintenance make it an attractive target for long‑term investment.
Champions Group, formerly Service Champions until its 2024 rebrand, operates across major metropolitan areas and offers a membership model that drives customer loyalty and predictable revenue. The platform’s 1,800 technicians and 150,000 members underscore its scale and market reach. Odyssey Investment Partners, the seller, will retain a minority stake, signaling confidence in the company’s future growth.
Frank DiMarco, CEO of Champions Group, said: “Partnering with Blackstone marks a defining next chapter for Champions Group. With Odyssey’s backing, we built one of the premier home services companies by empowering local leaders, investing in great teams, and earning customer trust. As we enter our next phase, we believe Blackstone’s resources and expertise will help us accelerate growth, strengthen our market leadership, and continue raising the bar for the home services industry.” Michael Staub, Senior Managing Director at Blackstone, added: “We are thrilled to partner with Frank DiMarco and Odyssey as we continue to build Champions Group into a multi‑service residential services platform. By bringing together best‑in‑class essential services under one umbrella, we have an opportunity to redefine what homeowners expect from a residential services provider—exceptional quality, reliability, and scale, all delivered locally. This partnership positions Champions Group to set a new standard for the industry and create long‑term value for customers…
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