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Sila Acquires Tristate Home Services, Llc - Continues Expansion In National Capital Region

May 26, 2022•over 3 years ago

Acquiring Company

Sila Services

Acquired Company

TriState Home Services LLC

Manufacturing

Description

Sila Services, LLC has acquired TriState Home Services, LLC, one of the leading home services companies in Frederick County, Maryland. Through the TriState acquisition, Sila has increased its range of home comfort services, strengthened its Maryland customer operations, and further enhanced its award-winning capabilities for serving residential customers in adjoining areas of Virginia, Pennsylvania, and West Virginia. Based in Frederick, MD, TriState is a best-in-class, home services company delivering heating, cooling, plumbing, and electrical solutions to thousands of customers for nearly two decades.

Company Information

Company

Sila Services

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.

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