Private investment major Blackstone is to acquire Champions Group, a provider of essential home services, from Odyssey Investment Partners, in a deal reportedly valuing the Orange County, California-based business at around $2.5bn.
Odyssey and Champions’ management team will retain a significant minority stake alongside Blackstone.
Champions Group operates a scaled, integrated residential services platform across major US markets, employing over 1,800 field technicians and serving 150,000 active...
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