Morgan Stanley Capital Partners (MSCP), the private equity arm of Morgan Stanley, is reportedly exploring the sale of Sila Services in a deal that could valued the residential heating, air-conditioning, and plumbing services provider at $1.5bn, according to reports.
According to a unnamed sources familiar with the matter, MSCP, which acquired Sila in 2021, has engaged investment bank William Blair to manage the sale process, with market insiders suggesting that the business could command a valuation of around 15 times its EBITDA, bringing the total price—including debt—close to $1.5bn.
The residential services markets has become increasingly attractive to investors due to its resilience and dependable cash flows, even during times of economic uncertainty, as evidenced by recent acquisitions, including General Atlantic’s stake in Flint Group and L Catterton’s purchase of LTP Home Services Group.
