M&A TRANSACTION · 2026
Champions Group acquired by Blackstone (BXPE)
$2.50B· 17.9x EBITDA
Target
Champions Group
Irvine, CA
Residential HVAC, plumbing, and electrical services platform with 23 brands across major metropolitan areas
Acquirer
Blackstone (BXPE)
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
—
EBITDA
$140.0M
Deal Value
$2.50B
EV/EBITDA
17.9x
Context
This $2.50B acquisition of Champions Group by Blackstone (BXPE) sits in the hvac sub-vertical. The 17.9x EBITDA multiple paid in 2026 can be compared against the population median for hvac transactions of similar size on our Hvac valuation hub. Blackstone (BXPE) is acquiring as a private equity buyer; see how PE acquirers typically price hvac businesses on our Hvac PE buyer-pool page.
Source
Data sourced from Blackstone Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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