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Frank DiMarco

CEO at Champions Group Holdings

Irvine, CA (Orange County)

FD
LinkedIn
Why they matter

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
    Champions Group Holdings entered a definitive agreement to be acquired by Blackstone for ~$2.5B (~18.5x EBITDA) from Odyssey Investment Partners
  • 2025
    Champions Group acquired Bee's Plumbing of Seattle, its second Seattle-metro acquisition
  • 2025
    Champions Group acquired McAfee Heating and Air Conditioning in Dayton, OH, entering the Midwest
  • 2023
    Led corporate rebrand from Service Champions to Champions Group Holdings, formalizing a multi-brand roll-up platform strategy

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

  1. What separates a tuck-in that integrates cleanly from one that drags on margin?
  2. How has member churn/retention trended as the membership base scaled past 150,000?
  3. Where does he see the next wave of HVAC/plumbing/electrical consolidation — new geographies or adjacent trades?

Outreach draft

Subject
Congrats on the Blackstone deal, Frank
Frank, Congratulations on Champions Group's agreement with Blackstone — a strong outcome for the platform you and the team built with Odyssey since 2018. I'm on the deal team at our firm, and we're actively studying the home-services roll-up space, particularly membership-model HVAC/plumbing/electrical platforms like yours. I'd value 20-30 minutes to hear your perspective on what separates a scalable regional roll-up from one that stalls out — technician recruiting, brand integration post-acquisition, and how you think about multiple expansion as platforms mature. Happy to work around your schedule, before or after the deal closes. Would a quick call in the next couple of weeks work? Best, [Your Name]

Linked companies

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