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Blackstone Buys Majority Stake in Irvine’s Champions Group - Orange County Business Journal
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Blackstone Buys Majority Stake in Irvine’s Champions Group - Orange County Business Journal
Champions Group Holdings, a leading HVAC, electrical and plumbing service provider based in Irvine, has agreed to be acquired by Blackstone Inc., the companies announced this week. Terms of the transaction were not disclosed. However, Bloomberg reports that the deal is valued at about $2.5 billion, citing people familiar with the matter. The seller, Odyssey Investment Partners, and the Champions leadership team will retain a significant minority…
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