Acquiring Company
Sila Services
Acquired Company
Norfolk Air Heating Cooling Plumbing & Electrical
Description
Sila Services, LLC has announced the acquisition of Norfolk Air Heating, Cooling, Plumbing & Electrical and Guy Smith Heating & Cooling. This move expands Sila's footprint in Virginia, enhancing service delivery and career development for both companies. The merger aims to provide unmatched customer experience by integrating strong community values.
M&A Insights
Based on deal dataIntegration 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