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Goldman Sachs's private equity department will sell the HVAC company Sila.
On November 12th, Grong Hui | Morgan Stanley announced on Monday that its private equity department will sell its heating, ventilation, and air conditioning (HVAC) business, Sila Services, to Goldman Sachs's alternative investment private equity department, but did not disclose the financial terms of the transaction. Morgan Stanley stated that Sila's management team will retain a minority stake in the company and continue to lead the business. Earlier reports suggested that this transaction could value Sila at approximately $1.5 billion, including debt. HVAC companies are attractive to private equity firms due to their stable cash flow and the essential nature of the services they provide.