BREA, California., May 12, 2021 / PRNewswire / – Champions Group service, a leading US plumbing, heating and air conditioning company, today announced the signing of a definitive agreement under which Service Champions will acquire Hobaica services. Hobaica, the well-known family-owned and operated residential service company, founded in 1952, provides residents of the phoenix metropolitan area with fair and ethical refrigeration, heating, plumbing, drainage and sewage, electricity, security and adapted wine cellar services. The acquisition, along with the December 2020 acquisition of ProSkill Services from phoenix, positions Service Champions as the top provider in the phoenix area market. Service Champions is a portfolio company of Odyssey Investment Partners.
Leland Smith, Founder and CEO of Service Champions, said: “The addition of Hobaica to the Service Champions family of companies, including the recently acquired ProSkill, confirms our position as a leading provider of the best customer service in the heating and cooling industry. from Valley of the Sun. With a relentless focus on exceptional customer service, Hobaica is known for treating their customers like family. This philosophy is identical to the core principles on which Service Champions is based and has been practiced for over 20 years. are very excited about the meaningful contribution this partnership is making to the company’s long-term growth plan to become the largest provider of residential services in the world. Western United States. “
The second generation of the Hobaica family is at the helm of the leading services group, with Louis hobaica serve as President and CEO along with his brothers Paul and Mike. “We are extremely excited to join such a dynamic organization and bring together our complementary companies, talented teams and customer-centric cultures. The strength of the Service Champions and the partnership with the Hobaica brands is the value we bring to our customers. to provide customers and employees. Our goal of being the most likable people you have ever met will continue with Service Champions. I promise you, you will lika … Hobaica, ” Louis Hobaica said.
Chief Operating Officer of Service Champions, Frank DiMarco, repeated Mr Hobaica’s remarks. “Service Champions’ interest in Hobaica reflects the success of our strategy of finding the right partners. The combined company will have an exemplary and comprehensive portfolio of home services. We plan to use this platform to grow the business significantly and to gain even more market share in the phoenix area while maintaining continuity and stability of our valuable customer relationships. “
CFO of Service Champions, Daniel Hamm, added: “Acquiring Hobaica will both add a solid brand to our portfolio and position the company to expand further into dynamic vertical markets. Our goal is to be the largest and the best in home services. This transaction takes us one step closer to making that possible.It is our 11th acquisition in 24 months and we are actively pursuing future investments in the Western United States and beyond, ”said Hamm.
About Service Champions Group
Located in Orange County, CaliforniaService Champions is a leading provider of essential home services specializing in heating, air conditioning and plumbing. With a mission to maintain long-term relationships with its customers, Service Champions is committed to providing timely, high-quality services for a comprehensive range of HVAC and plumbing products. Service Champions enters the market with a variety of trade names, including; Service champions, Bell Brothers, Moore Home Services, ASI, Adeedo! and ProSkill services. For more information, please visit https://partnerships.servicechampions.com.
About Odyssey Investment Partners
Odyssey Investment Partners, with offices in New York and The Angels, is a leading private equity investment company with more than 25 years of partnership with skilled executives to transform medium-sized companies into more efficient and diversified companies with strong growth profiles. Odyssey makes majority investments in industries with positive long-term outlook and favorable secular trends. For more information about Odyssey, please visit www.odysseyinvestment.com.
M&A contact person: Daniel Hamm, FINANCE DIRECTOR
E: [email protected]
P: 562.212.3694
Media contact: Dana Rosenberg
E: [email protected]
P: 310.702.1539
SOURCE Service champions Plumbing, heating and air conditioning
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