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Sila Acquires Libertyville Unique Indoor Comfort, Inc. - Continues Expansion In Chicago Area

Jun 28, 2022•about 3 years ago

Acquiring Company

Sila Inc.

Acquired Company

Libertyville Unique Indoor Comfort

AlamedaManufacturing

Description

Sila Services, LLC has acquired Libertyville Unique Indoor Comfort, Inc., a leader provider of heating and cooling services in the Greater Chicago area and Southeastern Wisconsin since 1967. The Libertyville Unique Indoor Comfort acquisition strengthens Sila's strategic growth in the Midwest and enables the expansion of its award-winning services to residential customers in the region. Based in Libertyville, IL, Unique Indoor Comfort provides superior quality repair, maintenance, and installation for heating and air conditioning systems.

Company Information

Company

Sila Inc.

Location

920 SW 6TH AVENUE

Alameda, California, United States

About

Sila is a next-generation battery materials company with the mission to power the world’s transition to clean energy. Sila shipped the world’s first commercially available silicon anode for lithium-ion batteries in 2021, and has since enabled battery performance enhancements in millions of consumer electronics devices. Sila’s Titan Silicon will power electric vehicles, including EVs from Mercedes-Benz and will be used within Panasonic Energy’s next-generation lithium-ion batteries. Committed to American leadership in clean energy production, Sila is scaling its technology at its manufacturing facility in Moses Lake, Washington. Major financial investors include 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue, Matrix Partners, Sutter Hill Ventures, and funds and accounts advised by T. Rowe Price Associates, Inc.

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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