Goldman Sachs Alternatives Acquires Majority Stake in Sila Services

November 11, 2024

Goldman Sachs Alternatives’ Private Equity business agreed to acquire a majority stake in Sila Services from investment funds managed by Morgan Stanley Capital Partners. Headquartered in King of Prussia, Pennsylvania, Sila is a residential HVAC, plumbing and electrical services platform operating over 30 brands across the U.S. Northeast, Midwest and Mid-Atlantic; Sila management will remain in place and retain a significant minority stake. Financial terms were not disclosed and closing is subject to customary regulatory approvals.

Buyers
Goldman Sachs Alternatives (Private Equity business)
Targets
Sila Services
Sellers
Morgan Stanley Capital Partners
Location
Pennsylvania, United States
Transaction Type
Buyout

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