Permira to acquire Flint Group in $1.5bn-plus deal
Permira has agreed to acquire a majority stake in US residential services provider Flint Group from General Atlantic in a transaction valued at more than $1.5bn, according to a report by Reuters citing people familiar with the deal. Kansas City-based Flint Group provides heating, ventilation, air conditioning, plumbing and electrical services across the US. Founded in 2019 by Trevor Flannigan and…
Private equity firm Permira has reached a $1.5 billion-plus agreement to acquire a majority stake in US residential services provider Flint Group from General Atlantic, according to a Reuters report. Flint Group, based in Kansas City, provides heating, ventilation, air conditioning, plumbing and electrical services nationwide. Founded in 2019 by Trevor Flannigan and Collin Hathaway, the company has rapidly expanded since its 2023 investment by General Atlantic, growing from seven regional brands in five states to 20 brands operating across 15 states.
The acquisition highlights the increasing interest in the fragmented US home services sector, driven by recurring demand, predictable cash flows, and consolidation opportunities. Other recent deals in this space include Blackstone's acquisition of Champions Group and Apollo's investment in Apex Service Partners, valued at around $10 billion including debt.
Permira aims to leverage its expertise in scaling consumer businesses and digital capabilities to support Flint's continued growth. The transaction was advised by William Blair and Jefferies for Flint, and Goldman Sachs for Permira. The deal is expected to close before the end of 2026.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
