Odyssey Investment Partners Acquires Service Champions
Odyssey Investment Partners has acquired Service Champions, a residential HVAC and plumbing services company.
Service Champions, founded in 2000, offers a suite of heating, air conditioning, and plumbing services through several local trade names located on the West Coast of the USA. Leland Smith, founder and CEO, will continue to lead Service Champions alongside the existing management team. Smith and several other members of the executive management team will retain a significant ownership position.
Dennis Moore, a Managing Principal at Odyssey, said, "Service Champions is a compelling opportunity to build on Odyssey’s successful history of investing in localized service businesses. We are excited to invest in a growing business with attractive opportunities to grow organically and through acquisitions.”
Jonathan Hall, a Principal at Odyssey, added, “Leland and the management team have done an outstanding job of establishing Service Champions as a leading provider of essential home services on the West Coast. We believe the business is uniquely positioned to execute on the underlying market opportunity and we are excited to support the team in achieving their growth objectives.”
Latham & Watkins LLP served as legal advisor to Odyssey, and KPMG served as financial advisor. Financial terms of the transaction were not disclosed.
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