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 Private Equity Wire. The agreement was reported by Reuters, which cited people familiar with the deal, according to Private Equity Wire. Private Equity Wire published the report on November 6, 2026 at 10:05 am.
Transaction details and timing
Permira’s transaction involves the acquisition of a majority stake in Flint Group from General Atlantic, according to Private Equity Wire. The transaction is valued at more than $1.5bn, according to Private Equity Wire’s report.
The transaction is expected to close before the end of 2026, according to Private Equity Wire.
Flint Group profile and footprint
Flint Group is Kansas City-based and provides heating, ventilation, air conditioning, plumbing and electrical services across the US, according to Private Equity Wire.
Flint Group was founded in 2019 by Trevor Flannigan and Collin Hathaway, according to Private Equity Wire.
Private Equity Wire reported that the business has expanded significantly since General Atlantic invested in 2023. Private Equity Wire reported that Flint Group grew from seven regional brands across five states to 20 brands operating across 15 states following General Atlantic’s 2023 investment.
Sector backdrop and recent comparable activity
The acquisition reflects growing private equity interest in the fragmented US home services sector, according to Private Equity Wire. Private Equity Wire reported that recurring demand, predictable cash flows and opportunities for consolidation have attracted institutional capital to the sector.
Private Equity Wire reported that Blackstone acquired Champions Group earlier this year. Private Equity Wire also reported that Apollo invested in Apex Service Partners at a valuation of approximately $10bn including debt.
Advisors and Permira’s stated plan
Permira reportedly plans to use its experience in scaling consumer businesses and digital capabilities to support Flint’s expansion, according to Private Equity Wire.
William Blair and Jefferies advised Flint, while Goldman Sachs advised Permira, according to Private Equity Wire.
