Funds advised by Permira have agreed to acquire a majority stake in Flint Group from General Atlantic. Flint is a residential home services platform based in Kansas City, Missouri, that partners with local heating, ventilation and air conditioning, plumbing, sewer and electrical brands. It is not the Luxembourg based printing ink manufacturer that carries the same name.
Flint was founded in 2019 by Trevor Flannigan and Collin Hathaway and has grown to 20 brands across 15 US markets, from seven brands in five states in 2023. Revenue exceeded 400 million dollars in 2025, up more than threefold from 2022, according to regional business publication Ingram’s. Reuters reported the transaction values the platform at more than 1.5 billion dollars; the companies did not disclose the price or the size of the stake.
General Atlantic made a strategic investment in Flint in 2023 and now exits its majority position to Permira after roughly three years. The deal is expected to close by the end of 2026.
Permira said it will back chief executive Trevor Flannigan and the existing team to integrate new brands, enter new markets and deepen the multi trade offering, applying the digital playbook it uses across its consumer platforms. Sponsors accounted for the majority of US residential services deal activity this year, and Flint is among the largest platforms to change hands: the trade is a bet that routing, recruiting and marketing systems, rather than the local brands themselves, are where the value in a fragmented trade-services market concentrates.