Blackstone announces agreement to acquire Champions Group

Blackstone (BX) announced that funds managed by Blackstone’s perpetual private equity strategy have entered into a definitive agreement to acquire Champions Group, a premier provider of essential home services, from Odyssey Investment Partners. Odyssey and management are retaining a significant minority investment alongside Blackstone. 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.” Terms of the transaction were not disclosed. The transaction is expected to close in the first half of 2026, subject to customary conditions.