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Morgan Stanley exploring $1.5 billion Sila Services sale
The potential sales price implies a roughly 15x multiple of the company's near-$100 million EBITDA, according to sources
Image: Sila Services
Morgan Stanley is exploring a sale of Sila Services that could value the company at “about” $1.5 billion, Reuters reported.
Why it matters: The potential sales price implies a roughly 15x multiple of the company’s near-$100 million EBITDA, according to sources.
Catch up: Morgan Stanley Captial Partners, an arm of Morgan Stanley, purchased the company in 2021 for an undisclosed sum.
Sila Services operates over 30 HVAC, plumbing, and electrical brands, primarily in the Northeast and Mid-Atlantic.
What’s happening: The deal would be the first major home services platform sale in over a year, following General Atlantic’s investment in Flint Group last August.
No potential buyers have been named yet, and Sila Services didn’t immediately respond to Homepros’ request for comment.
The bottom line: The multiple Sila fetches in the case of a sale will be an important comp for residential HVAC owners and investors moving forward.
Editor’s note: This is a developing story.
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