Blackstone Nears $2.5B Acquisition of Home Services Firm Champions

Private equity giant Blackstone reportedly in final stages of acquiring Champions Group, a California-based provider of essential home services.

Published on Feb. 18, 2026

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Blackstone Inc. is in the final stages of acquiring residential services provider Champions Group (Champions Group Holdings) for approximately $2.5 billion, according to reporting from Bloomberg. The private equity firm could finalize the purchase from current owner Odyssey Investment Partners as early as February 17, 2026, unless unexpected complications arise. Champions Group specializes in essential home services including heating, air conditioning, plumbing, and electrical work.

Why it matters

This acquisition highlights how private equity firms are increasingly targeting sectors that are considered less susceptible to disruption from artificial intelligence technologies, as they seek stable, recession-resistant investments.

The details

Blackstone is reportedly in the final stages of acquiring Champions Group, a California-based provider of essential home services like HVAC, plumbing, and electrical work. Odyssey Investment Partners had acquired the company, previously known as Service Champions, in 2021 for an undisclosed amount.

  • Blackstone could finalize the $2.5 billion acquisition of Champions Group as early as February 17, 2026.

The players

Blackstone Inc.

A leading global investment firm and private equity company.

Champions Group

A California-based provider of essential home services including heating, air conditioning, plumbing, and electrical work.

Odyssey Investment Partners

The current owner of Champions Group, having acquired the company in 2021.

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The takeaway

This deal reflects private equity's growing interest in recession-resistant, AI-resistant sectors like home services as they seek stable investments in an uncertain economic climate.