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Sila Services, LLC acquires Carter's Plumbing to enhance Michigan presence

May 17, 2024•over 1 year ago

Acquiring Company

Sila Services

Acquired Company

Carter's Plumbing

South BendConsumer ServicesBuilding MaintenanceConstructionService Industry

Description

Sila Services, LLC has completed the acquisition of Carter's Plumbing, a premier plumbing services company serving Southeast Michigan. This strategic partnership enhances Sila Services' strength in the Michigan market and broadens its presence in the Midwest, aiming to deliver exceptional plumbing solutions and customer satisfaction to more homeowners across Southeast Michigan.

Company Information

Company

Sila Services

Location

900 E 8th Ave

About

Since 1989, Sila has offered a wide range of residential services for HVAC, plumbing, electrical, and indoor air quality. Sila serves the Northeastern and Mid-Atlantic United States, servicing customers from New Hampshire to Virginia. For more information, visit: www.sila.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed