Key Takeaways
- • Champions Group, the home services company Blackstone agreed in February to acquire from Odyssey Investment Partners, has acquired Atlanta-based Bardi Heating, Cooling, Plumbing and Electric, terms undisclosed.
- • The deal is Champions Group's first acquisition in the southeastern U.S., extending its footprint beyond its Southern California and Texas platforms.
- • Bardi has served homes in the Atlanta area for 37 years, providing heating, cooling, plumbing and electrical installation, repair and maintenance.
- • President Adam Bardi remains in his role and the business retains its name, signaling a continuity-focused integration.
- • Champions Group, based in Orange County, Calif., is led by CEO Frank DiMarco and operates a family of HVAC, plumbing and electrical companies.
Summary
Champions Group, the Orange County, California-based home services company that Blackstone agreed in February to acquire from Odyssey Investment Partners, has acquired Bardi Heating, Cooling, Plumbing and Electric, according to the publisher's report. Terms of the transaction were not disclosed.
The acquisition marks Champions Group's first move into the southeastern United States. Bardi installs, repairs and maintains heating, cooling, plumbing and electrical systems for residential customers in the Atlanta area, where the company has operated for 37 years.
Champions Group runs a portfolio of HVAC, plumbing and electrical businesses. Its earlier additions include Powell Electric in Southern California and Lex Cooling, Heating, Plumbing & Electrical in Texas. Frank DiMarco serves as chief executive of Champions Group.
Under the transaction, Bardi President Adam Bardi remains with the business, and the company will keep its existing name, indicating an operating model that preserves local leadership and brand recognition in the Atlanta market.
The acquisition marks Champions Group's first move into the southeastern United States. Bardi installs, repairs and maintains heating, cooling, plumbing and electrical systems for residential customers in the Atlanta area, where the company has operated for 37 years.
Champions Group runs a portfolio of HVAC, plumbing and electrical businesses. Its earlier additions include Powell Electric in Southern California and Lex Cooling, Heating, Plumbing & Electrical in Texas. Frank DiMarco serves as chief executive of Champions Group.
Under the transaction, Bardi President Adam Bardi remains with the business, and the company will keep its existing name, indicating an operating model that preserves local leadership and brand recognition in the Atlanta market.
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