Recapitalizationreported
Blackstone agrees to acquire HVAC platform Champions Group
What happened. Blackstone agreed to acquire Champions Group Holdings, an Orange County, California HVAC, electrical and plumbing platform, from Odyssey Investment Partners, which retained a significant minority stake. Champions reported more than 1,800 field technicians and about 150,000 active service-membership customers across tier-one metros. CEO Frank DiMarco stayed on and called the deal a defining next chapter. The parties did not disclose price; Bloomberg reported roughly $2.5 billion. Expected to close in the first half of 2026.
Parties
- Company
- Buyer
- Champions Group Holdings
- Capital
- Blackstone Inc.
- Price
- Not disclosed
Our coverage: Blackstone agrees to acquire HVAC platform Champions Group
What this kind of deal tends to mean for customers and staff: pricing · sales pressure · technicians · the exit clock.
Sources Reported — credible press
- Blackstone (2026-02-17) — press release. Primary announcement
- Bloomberg (2026-02-17) — news. Reported ~$2.5B value; headline only
Researcher notes: Included as a sector benchmark; no confirmed Tampa Bay operating nexus. Remove or reclassify if the site restricts deals[] strictly to Tampa Bay transactions.
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