Frank DiMarco
CEO at Champions Group Holdings
Irvine, CA (Orange County)
DiMarco just steered a $2.5B Blackstone buyout of a 20+ brand HVAC/plumbing roll-up he helped scale since 2018 — direct playbook knowledge for any home-services platform thesis.
Background
Frank DiMarco is CEO of Champions Group Holdings, an Irvine, CA-based residential HVAC, plumbing, and electrical services platform. A third-generation HVAC operator with 30+ years in the home services industry (including VP of Operations at Horizons Services and Regional Manager at Goodman), he joined Champions Group as COO in 2018 and was promoted to CEO in 2022. Under his leadership the company grew from a single Southern California brand into a 20+ brand, 7-state platform with 2,400+ employees, culminating in a February 2026 agreement to sell to Blackstone for roughly $2.5 billion.
Notable deals
- 2026
- 2025
- 2025
- 2023
Call-prep brief
Background
- CEO of Champions Group Holdings (Irvine, CA) since 2022; joined as COO in 2018.
- 30+ years in home services: VP of Operations at Horizons Services, Regional Manager at Goodman; B.S. Business Administration, John Carroll University. Third-generation HVAC operator.
Current Focus
- Signed a ~$2.5B agreement (Feb 2026) to sell Champions Group to Blackstone's perpetual PE strategy from current sponsor Odyssey Investment Partners; expected to close mid-2026, with Odyssey and management (DiMarco included) rolling a minority stake.
- Built the platform to 20+ brands across 7 states, 2,400+ employees, ~$140M EBITDA — including 2025 tuck-ins of Bee's Plumbing (Seattle) and McAfee Heating & Air (Dayton, OH).
- Has publicly stated ambitions to push the company toward $1B in annual revenue.
What He Cares About
- Membership-model economics and recurring revenue (150,000+ active members).
- Preserving acquired brands' local identity and team post-acquisition rather than folding them into one name.
- Technician recruiting/retention as the binding growth constraint.
Sensitivities
- Currently mid-transaction (signed, not yet closed) — avoid anything that reads as soliciting him to compete or discuss confidential deal terms.
- He's rolling equity forward, not fully exiting, so frame outreach as market intelligence, not a poaching or competing-bid approach.
Questions to Ask
- What separates a tuck-in that integrates cleanly from one that drags on margin?
- How has member churn/retention trended as the membership base scaled past 150,000?
- Where does he see the next wave of HVAC/plumbing/electrical consolidation — new geographies or adjacent trades?
Outreach draft
Linked companies
Sources
- No name matchPrimarychampionsgroupholdings.com
- Name + firmPrimarychampionsgroupholdings.com/2023/08/29/champions-group
- Name + firmPrimarychampionsgroupholdings.com/2025/06/18/champions-group-expands-footprint-with-acquisition-of-bees-plumbing-of-seattle
- Name + firmPrimarychampionsgroupholdings.com/2026/02/17/excited-to-share-an-important-next-chapter-for-champions-group
- Name + firmPrimarychampionsgroupholdings.com/our-leadership
- Page titleOtherocbj.com/oc-500/2025/oc500-2025-frank-dimarco
- Name + firmOtherocbj.com/services/blackstone-buys-majority-stake-in-irvines-champions-group
- Name + firmPressprnewswire.com/news-releases/champions-group-expands-midwest-presence-with-acquisition-of-mcafee-heating-and-air-conditioning-302496181.html