Sila Services, LLC a leading private equity firm, today announced the acquisition of Glasco Heating & Air Conditioning. This addition to the Sila Services business represents a further expansion of their ability to serve more customers, with more solutions, across Connecticut. The acquisition was facilitated by Valufinder Group, Inc., a prominent buy side intermediary firm specializing in the HVAC industry directed to the residential and commercial markets.
Sila Services, LLC has a proven record of investing in and growing companies in the residential HVAC sector, and the acquisition of Glasco Heating & Air Conditioning represents a strategic addition to its portfolio.
Key Highlights of the Acquisition:
Strategic Fit: The acquisition of Glasco Heating & Air Conditioning aligns with Sila Services LLC’s strategy to expand its footprint in the residential HVAC sector and leverage synergies across its portfolio.
Growth Potential: Glasco Heating & Air Conditioning has demonstrated robust growth and profitability, with significant opportunities for expansion in the South Windsor, Connecticut area.
Advisory Support: Valufinder Group, Inc. provided comprehensive advisory services throughout the acquisition process, beginning with the initial introduction between parties, providing insight into Glasco’s ownership and their insight on the process. Valufinder Group Inc. has also identified and provided other potential targets in the surrounding area for future consolidation. Valufinder Group, Inc. was instrumental in facilitating a successful acquisition.
Quotes:
Sila Services, LLC: “We are thrilled to welcome Glasco Heating & Air Conditioning to the Sila Services family,” said Jason Rabbino, CEO at Sila Services. “This great acquisition further expands our expert home comfort offerings and geographical reach to more customers. Glasco solidifies Sila Services’ position as the premier provider of a full range of home trade solutions. In evaluating opportunities for growth in the Connecticut and New York region, it was clear that Glasco was an ideal partner. The Glasco team share our core values of putting people first, delivering excellence in every visit, and have a long history of giving back to their communities. We look forward to accelerating the growth opportunities for Glasco as part of the home services provider of choice in Connecticut.
Glasco Heating & Air Conditioning: Sila Services LLC proved to be the optimal fit to accelerate our growth, expand the opportunities for our people and enhance our customer experience,” said Paul Russo, General Manager at Glasco Heating & Air Conditioning. “As a people-first organization, Sila genuinely understands the value of our resolute employees and the incredible potential of our company. We are excited to be working together to create even more opportunities for our team.”
Quote from Valufinder
Valufinder Group, Inc. “We are pleased to have supported Sila Services in this strategic acquisition,” said Martin Frederick, Project Director at Valufinder Group, Inc. “Leveraging our extensive industry expertise and M&A capabilities, we were instrumental in recognizing Glasco Heating & Air Conditioning as a perfect fit for an acquisition and ensuring a seamless transaction process.”
About Sila Services Sila Services is a leading home services platform, operating twenty-eight brands across 35 locations throughout the Northeast, Mid-Atlantic, and Midwest. The companies of Sila Services, with a history of people-focused trade industry leadership dating back to the early 1900s, offer a complete range of residential and commercial services in HVAC, plumbing, electrical, water treatment, and indoor air quality. The company’s mission is to build the best service and installation teams, empowering them to enhance their trade careers by delivering distinctive repair, replacement, and maintenance services that ensure best-in-class customer satisfaction. For more information, visit www.silaservices.com.
Glasco Heating & Air Conditioning, A Connecticut market leader since 1994, has earned a distinctive reputation for its commitment to exceeding customer expectations and delivering world-class service. Based in South Windsor, Connecticut, customers statewide have counted on the Glasco team for expert design, installation and servicing of heating, air conditioning and indoor air quality solutions for thirty years.
About Valufinder Group Inc. Valufinder Group, Inc. is a boutique investment banking firm, specializing in providing transaction advisory services to owners of mid-sized companies. We have the experience and analytical capabilities necessary to evaluate your company within its industry, and its current business and economic environment. Further, we provide the financial sophistication and marketing expertise needed to pinpoint and promote the characteristics of your company that make it uniquely valuable and to market these aspects to potential buyers successfully.
Martin Frederick
Project Director
Valufinder Group, Inc.
212-243-1133
mfrrederick@valufindergroup.com