M&A Deal Summary

Morgan Stanley Capital Partners Acquires Sila Heating & Air Conditioning

On May 26, 2021, private equity firm Morgan Stanley Capital Partners acquired business services company Sila Heating & Air Conditioning from Astar Heating & Air

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 3rd transaction in the Business Services sector.
  • This is Morgan Stanley Capital Partners’ 37th transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2021-05-26
Target Sila Heating & Air Conditioning
Sector Business Services
Buyer(s) Morgan Stanley Capital Partners
Sellers(s) Astar Heating & Air
Deal Type Divestiture
Advisor(s) Cowen Group, Inc. (Financial)

Target

Sila Heating & Air Conditioning

King of Prussia, Pennsylvania, United States
website
Sila Heating & Air Conditioning is a provider of residential HVAC, plumbing, indoor air quality, and home automation systems. Sila Heating & Air Conditioning was founded in 1989 and is based in King of Prussia, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 40 of 47
Sector (Business Services) 3 of 5
Type (Divestiture) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 37 of 44
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Alliance Technical Group

Decatur, Alabama, United States

Alliance Technical Group is a provider of air emissions testing and monitoring solutions to customers throughout the United States. With expertise in a variety of end markets, Alliance is focused on people, process, and technology to provide unparalleled response and service to assist customers with meeting their air compliance and risk reduction goals. Alliance Technical Group was formed in 2000 and is based in Decatur, Alabama.

Buy -

Seller(S) 1

SELLER

Astar Heating & Air

Middletown, New York, United States

website


Category Company
Sector Business Services
DESCRIPTION

Astar Heating & Air is a provider of HVAC replacement, maintenance, and plumbing solutions to residential homeowners throughout the lower Hudson Valley region of New York. Astar Heating & Air is based in Middletown, New York.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 Jones Services

Goshen, New York, United States

Jones Services offers a multitude of primarily residential plumbing, heating, cooling, and electrical services to customers in the Hudson Valley. Jones Services was founded in1986 and is based in Goshen, New York.

Buy -