Blackstone's (BX) Perpetual Private Equity Strategy Fund To Acquire Champions Group
Blackstone Inc. (NYSE:BX) is one of the Best Dip Stocks to Buy According to Hedge Funds. On February 17, Blackstone Inc. (NYSE:BX) announced that its perpetual private equity strategy fund (BXPE) has entered an agreement to acquire Champions Group from Odyssey Investment Partners.
Champions Group is one of the top home services companies that offers a unique platform with essential residential services, including repairs and replacements in major US metropolitan areas. The group has more than 1,800 field technicians and roughly 150,000 active members enrolled through a subscription model.
Management noted that Champions Group has expanded organically through acquisitions over the past 5 years under Odyssey. The deal aligns with Blackstone Inc.’s (NYSE:BX) aim to expand into a multi-service powerhouse and also fits the company’s strategy to build platforms in fragmented industries such as home services.
While no financial details were disclosed, the deal is expected to close in the first half of 2026 and is pending standard business approvals.
Michael Staub, Senior Managing Director, and Maury Bardovi, Managing Director at Blackstone, said:
“We are thrilled to partner with Frank DiMarco and Odyssey as we continue to build Champions Group into a multi-service residential services platform. By bringing together best-in-class essential services under one umbrella, we have an opportunity to redefine what homeowners expect from a residential services provider—exceptional quality, reliability, and scale, all delivered locally.
Blackstone Inc (NYSE:BX) is an alternative investment management company. It serves institutional and individual investors. With more than $1 trillion of assets under management, Blackstone is the world’s largest alternative asset manager.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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