Blackstone (BXPE)
VerifiedPe Firm
Blackstone's perpetual PE strategy BXPE signed a definitive agreement Feb 17 2026 to acquire Champions Group from Odyssey Investment Partners (~$2.5B EV, ~18.5x EBITDA). NOT closed as of the source date.
Deals
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- peprofessional.com· Feb 17, 2026
Blackstone has struck a deal to acquire Champions Group, a home services provider offering HVAC, plumbing, and electrical services. Odyssey, which acquired Champions from CenterOak Partners in January 2021, will remain invested alongside Blackstone. The acquisition is expected to close in the first half of 2026.
- championsgroupholdings.com· Feb 17, 2026
Blackstone's perpetual private equity strategy (BXPE) has agreed to acquire Champions Group, a home services provider, from Odyssey Investment Partners. Odyssey and management will retain a significant minority stake. The deal is expected to close in the first half of 2026, with terms undisclosed.
- blackstone.com· Feb 17, 2026
Blackstone announced that funds managed by its perpetual private equity strategy (BXPE) have entered into a definitive agreement to acquire Champions Group, a provider of essential home services, from Odyssey Investment Partners. Odyssey and management are retaining a significant minority investment alongside Blackstone. The transaction is expected to close in the first half of 2026, and terms were not disclosed.
- finance.yahoo.com
Blackstone announced an additional investment in AIR Control Concepts, a commercial HVAC, electrical, and controls platform. The article states that Blackstone has been a partner since 2024 and that the investment will support AIR's continued expansion, including in data centers and adjacency strategies. Terms of the transaction were not disclosed.
- aircontrolconcepts.com
AIR Control Concepts (AIR) is described as the largest global platform of leading HVAC, electrical, and controls companies, operating across North America and expanding into EMEA. The article states that AIR is backed by Blackstone and headquartered in Norfolk, Virginia, and that it connects local expertise with the scale and resources of a larger organization.