Press Release
  •  
May 18, 2022

Jason Rabbino Named Chief Executive Officer of Sila Heating & Air Conditioning

 

Press Release

Jason Rabbino Named Chief Executive Officer of Sila Heating & Air Conditioning

Jason Rabbino Named Chief Executive Officer of Sila Heating & Air Conditioning

Share Icon

May 18, 2022

 
 

Philadelphia - December 8, 2021 

Investment 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.

 
 
 
Morgan Stanley Capital Partners manages a middle-market private equity platform. The team has invested capital in a broad spectrum of industries for over two decades.
 
 

This is a Marketing Communication.

It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.

The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.

Not FDIC Insured—Offer No Bank Guarantee—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit

Subscriptions    •    Privacy & Cookies    •    Your Privacy Choices    •    Terms of Use

©  Morgan Stanley. All rights reserved.

Morgan Stanley Distribution, Inc. Member FINRA/SIPC.