Blackstone acquires Champions Group for $2.5B

Blackstone acquired the residential HVAC, plumbing, and electrical platform Champions Group at a valuation of $2.5 billion (18.5x EBITDA) and placed it within its perpetual-capital vehicle BXPE.

“The headline deal. Blackstone acquired the residential HVAC, plumbing, and electrical platform at roughly 18.5x EBITDA on around $140M in EBITDA — and parked it inside BXPE, its perpetual-capital vehicle built to hold for decades.”

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