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
- Industry
- HVAC & Mechanical
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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