Jason Rabbino Named Chief Executive Officer of Sila Heating & Air Conditioning
08 Dezembro 2021 - 10:30AM
Business Wire
Sila Heating & Air Conditioning’s Board of Directors
announced today that Jason Rabbino will be joining the company as
Chief Executive Officer effective immediately. During his 30-year
career, Jason has held numerous leadership roles in the Industrial,
Business and Consumer Services sectors, most recently as EVP and
Chief Commercial Officer of Towne Park.
“I am thrilled to be joining the exceptional team at Sila, an
organization that shares my strong focus on doing the right thing
for customers, employees, and shareholders,” said Rabbino. “The
Sila founders and leadership team have built a dynamic,
high-performing company with a long history of successful growth
and exceptional future potential. I am excited to partner with them
to lead the next chapter of organic expansion and continue building
our distinctive platform through further acquisitions.”
Sila has built a strong reputation in the industry for its
distinctive level of service and quality across many geographic
regions. Sila is also widely recognized as a leading consolidator
in the fragmented HVAC industry, and has completed four
acquisitions since being acquired by Morgan Stanley Capital
Partners in May 2021.
“Jason’s strong track record, expertise with distributed
businesses, and team-oriented leadership style will be an excellent
fit with the Sila team,” said Adam Shaw, Managing Director of
Morgan Stanley Capital Partners. “His background in Commercial and
Operational leadership uniquely qualifies him to drive the strategy
and execute on the next chapter of growth for Sila. Jason’s ability
to identify, acquire, and integrate complementary businesses will
help us further accelerate the pace and value creation that Sila
has already achieved through M&A.”
Jack Rothacker, Founder of Sila, said “Jason joins us at an
exciting time for the business and will be a great partner to the
Sila team. We continue to drive market-leading organic growth,
expand our service offerings to match customer needs, and enter new
markets through strategic, value-added M&A. We are thrilled to
have Jason help drive this growth and continue Sila’s legacy of
providing value and service to all our customers.”
About Sila Heating & Air Conditioning
Founded in 1989, Sila offers a wide range of residential
services for HVAC, plumbing, electrical, and indoor air quality.
Sila serves the North-eastern and Mid-Atlantic United States,
servicing customers from New Hampshire to Virginia. For more
information, please visit the Company’s website
https://sila.com/.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley
Investment Management, is a leading middle-market private equity
platform that has invested capital in a broad spectrum of
industries for over three decades. Morgan Stanley Capital Partners
focuses on privately negotiated equity and equity-related
investments primarily in North America and seeks to create value in
portfolio companies primarily in a series of subsectors in the
business services, consumer, healthcare, education and industrials
markets with an emphasis on driving significant organic and
acquisition growth through an operationally focused approach. For
further information about Morgan Stanley Capital Partners, please
visit www.morganstanley.com/im/capitalpartners.
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version on businesswire.com: https://www.businesswire.com/news/home/20211208005304/en/
Morgan Stanley Media Relations: Lauren Bellmare,
Lauren.Bellmare@morganstanley.com
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