Deal Details
Sila Is Acquired by Goldman Sachs
Summary
Sila Services (“Sila” or the “Company”), a portfolio company of Morgan Stanley Capital Partners (“MSCP”), has recently entered into a definitive agreement to be acquired by Goldman Sachs Alternatives (“Goldman Sachs”). The transaction is subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.
Baird served as financial advisor to Sila Services on this transaction.
About
Sila is a leading provider of residential HVAC, plumbing and electrical services operating across the U.S. Northeast, Midwest and Mid-Atlantic regions. Since MSCP’s investment in 2021, Sila has rapidly developed into a residential services leader through a combination of consistently strong organic growth, strategic M&A and significant platform capability building. Built upon core values of putting people first and prioritizing customer service, the Company is dedicated to providing a distinctive level of quality across every aspect of the customer experience journey. Sila is headquartered in King of Prussia, Pennsylvania.MSCP, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform established in 1986 that primarily invests alongside founders and seeks to partner with management teams to build best-in-class companies within business, consumer, industrial and healthcare services. MSCP seeks to create value in portfolio companies through a transformational organic and acquisition-related growth strategy by leveraging its deep internal operational capabilities and value creation playbook. MSCP is headquartered in New York, New York.
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services across investment banking, securities and investment management to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm maintains offices in all major financial centers around the world. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of December 31, 2023. Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. Goldman Sachs is headquartered in New York, New York.
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- Date
- November 2024
- Company
- Sila Services
- Transaction
- M&A - Sellside
- Sectors
-
Technology & Services
Consumer - Verticals
-
Facility, Industrial, Residential & Environmental Services
Consumer Services
- Target Geography
- North America
- Acquiror Geography
- North America
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