Blackstone to Acquire Champions Group
Blackstone has agreed to acquire Champions Group, a major provider of home services including brands like Champion Windows and Sunrooms, from Odyssey Investment Partners. The acquisition will be made through Blackstone’s perpetual private equity strategy. The move signals continued private equity interest in the residential improvement and maintenance sectors and consolidates Blackstone's position in the home services market.
- While financial terms were not officially disclosed, the acquisition of Champions Group is reportedly valued at approximately $2.5 billion. - Odyssey Investment Partners, the seller, along with the Champions Group management team, will retain a significant minority investment in the company, signaling continued confidence in its growth prospects. - Champions Group is a significant player in the home services market, employing over 1,800 field technicians and serving approximately 150,000 active members through a recurring revenue membership model. - This deal marks the first major platform-level transaction in the residential HVAC, plumbing, and electrical services sector since May 2025. - Odyssey Investment Partners originally acquired the platform, then known as Service Champions, from CenterOak Partners in January 2021 and expanded it through a series of add-on acquisitions. - The acquisition was made through Blackstone's perpetual private equity strategy (BXPE), a fund structure designed for long-term investment and compounding returns, which has grown to $18 billion in two years. - Champion Windows, a key brand under the Champions Group, was founded in 1953 and was acquired by Great Day Improvements in December 2021 before becoming part of the larger group. - The CEO of Champions Group is Frank DiMarco, who will continue to lead the company post-acquisition.
