Blackstone Inc.
New York, NY · ~$100B+ AUM
Why it invests in the trades
Entered residential home services directly in February 2026 by agreeing to acquire Champions Group from Odyssey Investment Partners at a value reported near $2.5 billion, citing 1,800+ technicians and ~150,000 active service memberships. Separately, Blackstone Strategic Partners was a lead investor in Alpine's $3.4 billion Apex Service Partners continuation vehicle in 2023 — so Blackstone capital sits behind both a national HVAC platform and, indirectly, Tampa-headquartered Apex.
Platforms in Tampa Bay (2)
Apex Service Partners
Champions Group Holdings
Local brands ultimately backed by Blackstone Inc. (1)
Frank Gay Services
Deals
Frequently asked
What does Blackstone Inc. own in Tampa Bay?
Frank Gay Services, through Apex Service Partners and Champions Group Holdings.
Is Blackstone Inc. a private-equity firm?
Yes.
How long will Blackstone Inc. hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- Blackstone (2026-02-17) — press release. Champions Group acquisition; membership and technician counts
- Business Wire / Alpine Investors (2023-10-25) — press release. Blackstone Strategic Partners as a lead investor in the Apex continuation fund
Researcher notes: Blackstone Strategic Partners is a secondaries LP position in the Apex continuation vehicle, not a control stake — do not present it as Blackstone owning Apex.
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