Champions Group acquired by Blackstone

The global alternative asset manager Blackstone, investing through funds managed by its perpetual private equity strategy, has signed a definitive agreement to acquire Champions Group from Odyssey Investment Partners. Announced on February 17, 2026, the transaction transfers majority ownership of the residential services platform to Blackstone's perpetual private equity vehicle, known as BXPE. Under the terms of the recapitalization structure, the existing private equity sponsor Odyssey Investment Partners and the incumbent executive management team are retaining a significant minority equity investment alongside Blackstone. The buyout concludes a five-year investment cycle by Odyssey, which previously directed the platform's initial expansion through organic development initiatives and several strategic acquisitions. Closing of the transaction is scheduled for the first half of 2026, subject to customary regulatory approvals and standard closing conditions. Strategically, the transaction adds the home repair platform to Blackstone's corporate private equity portfolio to serve as a foundational anchor for further buy-and-build expansion across fragmented regional markets. The institutional backing from the incoming sponsor is structured to finance the development of a multi-service residential services footprint, targeting adjacent home maintenance trades while deepening local presence across existing territories. Executive leadership remains stable following the change of control, with Chief Executive Officer Frank DiMarco continuing to guide operational strategy in coordination with Blackstone Senior Managing Director Michael Staub and Managing Director Maury Bardovi, alongside Odyssey Chief Executive Officer Brian Kwait and Managing Principal Dennis Moore. Transaction execution mobilized a substantial advisory syndicate across both parties. Weil, Gotshal & Manges LLP acted as legal counsel to Blackstone. William Blair acted as lead financial advisor to Champions Group and Odyssey Investment Partners, supported by Piper Sandler and Baird as co-financial advisors. Latham & Watkins LLP provided transaction legal counsel to the selling sponsor.

Previously, Champions Group had been acquired in an LBO by Odyssey Investment Partners in 2021.