The board of directors of Sila Heating & Air Conditioning announced today that Jason Rabbino will join the company as CEO with immediate effect. During his 30-year career, Jason has held a number of leadership roles in the industrial, commercial and consumer services sectors, most recently as Executive Vice President and Chief Commercial Officer of Towne Park.
“I am delighted to join the exceptional team at Sila, an organization that shares my strong focus on doing the right thing for customers, employees and shareholders,” said Rabbino. “Sila’s founders and management 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 to build our distinctive platform through further acquisitions. “
Sila has built a solid reputation in the industry for its distinctive level of service and quality in many geographic regions. Sila is also widely recognized as a leading group in the fragmented HVAC industry and has made four acquisitions since its acquisition by Morgan Stanley Capital Partners in May 2021.
“Jason’s strong track record, expertise in distributed enterprises and his team-oriented leadership style will be a perfect fit for the Sila team,” said Adam Shaw, Managing Director of Morgan Stanley Capital Partners. “His background in business and operational leadership uniquely qualifies him to lead strategy and execute 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 mergers and acquisitions.
Jack Rothacker, Founder of Sila, said: “Jason is joining us at an exciting time for the company and will be a great partner for the Sila team. We continue to generate market-leading organic growth, expand our service offerings to meet client needs and enter new markets through strategic, value-added mergers and acquisitions. We are delighted that Jason is helping us drive this growth and continue Sila’s legacy of providing value and service to all of 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 northeast and central United States, serving customers from New Hampshire to Virginia. For more information, please visit the company website https://sila.com/.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading mid-market private equity platform that has been investing capital across a wide range of industries for more than three decades. Morgan Stanley Capital Partners focuses on equity investments and privately traded equity related investments primarily in North America and seeks to create value in holding companies primarily across a range of sub-sectors of the corporate services markets. business, consumer, healthcare, education and industry with a focus on driving significant organic and acquisition growth through an operations-centric approach. For more information on Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.