Private equity firm Permira has agreed to buy a majority stake in Flint Group, a Kansas City-based roll-up of HVAC, plumbing and electrical contractors, in a deal that values the company at more than $1.5 billion. The agreement, reported by Reuters, is expected to close by the end of 2026.
Flint Group was founded in 2019 and is based in Kansas City, Missouri, according to Homepros. The company has built itself into a national platform by partnering with residential HVAC, plumbing and electrical businesses across the country, with its reach extending from Washington state to Florida. As Finimize reported, citing Reuters, Flint jumped from seven brands in five states in 2023 to 20 brands across 15 states today — though Homepros has separately put the figure at 20 partnered businesses.
The financial trajectory behind the deal has been striking. Flint generated more than $400 million in revenue in 2025, more than triple what it brought in during 2022, the same report notes. Current annualized revenue and EBITDA figures could not be ascertained, however, leaving the exact scale of the business Permira is buying somewhat opaque.
A Sale Process That Moved Fast
Homepros had reported in September that Flint was exploring a sale, noting the company had launched a formal sale process and hired investment bank William Blair to run it. At the time, the sale process was described as being in its early stages, with no guarantee a deal would materialize. Two months later, Permira's agreement suggests that process reached a conclusion.
Neither side has said much publicly. A Flint representative declined to comment, and William Blair did not return a request for comment, per the same account. Permira also did not immediately return a request for comment. General Atlantic made a strategic investment in Flint back in 2023 and has remained a backer since, though the financial terms of that earlier investment were never publicly disclosed.
Finimize reports that Permira is betting its so-called “digital” playbook can help Flint route service leads faster and keep technicians' calendars fuller.
Part Of A Broader Private Equity Push Into Home Services
The Flint deal lands amid what Finimize describes as a wider wave of buyouts in home services, as large funds attempt to build national-scale networks out of an industry long dominated by small, independent operators. Data backs up that trend: private equity firms accounted for 60.5% of all residential services M&A activity in 2026, according to Contracting Business. HVAC, plumbing and electrical businesses specifically made up 19.3% of that activity through late July 2026, ranking second only to landscaping and lawn care, and private-equity-backed buyers completed nearly two-thirds of all deals in that segment.
Still, overall deal volume has cooled slightly. Capstone reported 223 residential services transactions announced or completed year to date in 2026, down from 257 during the same stretch in 2025, Contracting Business noted. One pressure point driving consolidation may be labor: Capstone found HVAC technician supply met just 63.8% of demand in 2024, a gap it projects will widen further, to 62.9%, by 2029.
Flint is hardly the only large roll-up drawing private equity interest this year. Capstone cited Blackstone's February 2026 announced acquisition of Champions Group for $2.5 billion, at roughly 18.5 times EV/EBITDA, as one comparable platform deal. Homepros has also pointed to a reported sale process for USA Hometown Experts and Apollo's minority investment in Apex Service Partners, a deal that valued Apex at $10 billion — further evidence that big capital is chasing scale in the home-services space that Flint has carved out from its Kansas City base.
