About Sila
Sila is a company based in Annapolis (United States) founded in 1989 by Jack Rothacker was acquired by Morgan Stanley in May 2021.. The company has 215 employees as of December 31, 2019. Sila has completed 9 acquisitions, including Boston Standard Company, Central Cooling & Heating and Fahrenheit. Sila offers products and services including AC Services, Heating Services, Plumbing Services, and Electrical Services. Sila operates in a competitive market with competitors including Emcor Group, Advanced Technology Services, NearU, Conditioned Air and Creteunited, among others.
- Headquarter Annapolis, United States
- Employees 215 as on 31 Dec, 2019
- Founders Jack Rothacker
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Morgan Stanley
& 1 more
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Employee Count
215
as on Dec 31, 2019
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Investments & Acquisitions
Boston Standard Company
& 8 more
- Acquired by
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Products & Services of Sila
Sila offers a comprehensive portfolio of products and services, including AC Services, Heating Services, Plumbing Services, and Electrical Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides same-day air conditioning repair and installation for homes
Offers heating system maintenance and emergency fixes
Handles plumbing repairs and installations promptly
Delivers electrical troubleshooting and upgrades for residences
Funding Insights of Sila
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sila
Sila has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Morgan Stanley and Astar Heating & Air. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Wealth management, investment advisory, and financial services are provided.
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Founded Year | Domain | Location | |
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Plumbing, fireplace, generator, and AC repair services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sila
Sila has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Boston Standard Company, Central Cooling & Heating and Fahrenheit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of HVAC services
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2015 | ||||
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Provider of HVAC and plumbing services
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2008 | ||||
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Plumbing and heating equipment repair services are provided.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sila
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sila Comparisons
Competitors of Sila
Sila operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Emcor Group, Advanced Technology Services, NearU, Conditioned Air and Creteunited, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers mechanical construction, electrical services, energy, and facilities solutions.
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| domain | founded_year | HQ Location |
Industrial maintenance and MRO services are provided to industrial clients.
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| domain | founded_year | HQ Location |
HVAC services are provided by NearU in Charlotte.
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| domain | founded_year | HQ Location |
Provider of AC & heating services
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| domain | founded_year | HQ Location |
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sila
Frequently Asked Questions about Sila
When was Sila founded?
Sila was founded in 1989.
Where is Sila located?
Sila is headquartered in Annapolis, United States. It is registered at Annapolis, Maryland, United States.
Who is the current CEO of Sila?
Lou Pellegrini is the current CEO of Sila.
How many employees does Sila have?
As of Dec 31, 2019, the latest employee count at Sila is 215.
What does Sila do?
Sila was established in 1989 by Jack Rothacker in Annapolis, United States, with Lou Pellegrini serving as CEO. Operations focus on the HVAC sector, where repair services for heating, ventilation, and air conditioning products are delivered. These services address maintenance and fixing needs for residential and commercial clients across the region. The company maintains a domain at sila.com to support its activities in the service industry.
Who are the top competitors of Sila?
Sila's top competitors include Advanced Technology Services, Creteunited and Rapid Fire Protection.
What products or services does Sila offer?
Sila offers AC Services, Heating Services, Plumbing Services, and Electrical Services.
How many acquisitions has Sila made?
Sila has made 9 acquisitions, including Boston Standard Company, Central Cooling & Heating, and Fahrenheit.
Who are Sila's investors?
Sila has 2 investors. Key investors include Morgan Stanley, and Astar Heating & Air.
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