Reported 8 months ago
Morgan Stanley's private equity division has agreed to sell its HVAC business, Sila Services, to Goldman Sachs Alternatives, following a three-year investment aimed at capitalizing on the sector's growth. The sale, which reportedly values Sila at around $1.5 billion including debt, highlights the increasing interest of private equity firms in HVAC services due to steady cash flows and rising demand for eco-friendly solutions. Despite the transaction, Sila's management team will retain a minority stake and continue leading the company.
Source: YAHOO