Odyssey Investment Partners takes majority stake in Champions Group
Context
Alongside a significant ownership reinvestment from founder Leland Smith and the incumbent executive management team, Odyssey Investment Partners has officially acquired Service Champions. Announced on January 6, 2021, the buyout transfers control of the West Coast home services platform to the investment firm. The strategic thesis behind this corporate transaction relies on leveraging the acquirer's institutional resources to scale the target's regional footprint, systematically integrating operational best practices across its portfolio of acquired brand entities, and actively pursuing further organic and acquisition-driven expansion. The new shareholding structure ensures strict operational continuity, with the incumbent Chief Executive Officer continuing to lead the enterprise alongside the existing executive tier. To execute this corporate transaction, the acquiring sponsor mandated Latham & Watkins LLP to serve as legal advisor, while KPMG was retained to provide financial advisory services.
Champions Group, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only].
Target
Specialist in residential heating, ventilation, air conditioning, plumbing, and electrical systems, Champions Group coordinates maintenance, repair, and replacement services for homeowners across major metropolitan statistical areas in the United States. Operating from its headquarters in Orange County, California, the organization delivers residential services designed to address recurring home infrastructure requirements. The operating model relies heavily on a recurring membership structure, maintaining an active roster of over 150,000 member households enrolled in preventive maintenance and priority service agreements. Field operations are executed through an internal technical workforce exceeding 1,800 technicians deployed across regional branches to perform scheduled inspections, emergency repairs, and full system replacements. The company concentrates its commercial activities exclusively on the residential repair and replacement segment, purposefully excluding speculative new home construction to insulate operational workflows from broader macroeconomic housing cycles. Service lines encompass HVAC equipment retrofits, electrical panel upgrades, emergency plumbing, and seasonal mechanical tune-ups. Under the operational leadership of Chief Executive Officer Frank DiMarco, the enterprise centralizes administrative scheduling, procurement, and dispatch workflows to support localized field execution.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (USD)
Other operations with Champions Group
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2026 | BLACKSTONE | CHAMPIONS GROUP | UNITED STATES | HVAC (Heating/AC) |
Other operations with Odyssey Investment Partners
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2026 | ODYSSEY INVESTMENT PARTNERS | FALCON GASES | UNITED STATES | Industrial & Technical Distribution |
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REFERENCES
Revenue range: REV $250–500M
EBITDA range: $50–100M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Champions Group by Odyssey Investment Partners are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: champions group
Acquirer: odyssey investment partners
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