Weil Advises Goldman Sachs Alternatives on Acquisition of Sila Services
Goldman Sachs Alternatives has acquired a majority stake in U.S. home services platform Sila Services, purchasing it from affiliates of Morgan Stanley Capital Partners (MSCP). Weil advised Goldman Sachs Alternatives on the transaction, announced on November 11, with private equity partner Brian Parness and U.S. private equity co-head Christopher Machera leading the team.
The Weil team included private equity associates Blair Stamas, Jonas Mutukistna, Caitlin Haefner, and Sam Harrison, as well as specialists across privacy, finance, tax, IP, executive compensation, regulatory transactions, antitrust, employment, advisory, and litigation. Notable contributors included Olivia Greer (privacy), Vynessa Nemunaitis (banking and finance), Noah Beck (tax), Dennis Adams (technology and IP), and Rebecca Grapsas (public company advisory), among others.
Pennsylvania-based Sila Services operates in the Midwest, Northeast, and Mid-Atlantic, offering plumbing, HVAC, water treatment, electrical, and indoor air quality services. Since MSCP acquired a majority stake in 2021, Sila has expanded significantly, building on its platform capabilities. The transaction is subject to regulatory approval, with Sila’s management retaining a minority stake and continuing operational control.
Sila CEO Jason Rabbino praised the partnership with MSCP and expressed excitement for the next phase with Goldman Sachs, highlighting Goldman’s expertise in consumer services and commitment to growth. Nicole Agnew, private equity partner at Goldman Sachs Alternatives, lauded Sila’s foundation and potential, aiming to drive further growth through organic means and M&A.
Goldman Sachs & Co. acted as exclusive financial advisor to its private equity arm, while Weil served as legal advisor to MSCP. Financial advisory support to Sila was provided by William Blair and Robert W. Baird & Co
