12:14 PM EST, 11/11/2024 (MT Newswires) -- Morgan Stanley's ( MS ) private equity division Morgan Stanley Capital Partners said Monday it has agreed to sell Sila Services to Goldman Sachs Alternatives' private equity division.

Current management team at Sila will continue to lead the company and retain a "significant minority stake," Morgan Stanley Capital Partners said. Other financial terms of the deal were not disclosed. Deal completion is subject to customary regulatory approvals.

Sila provides residential and commercial heating, ventilation and air conditioning, plumbing, and electrical services.

Morgan Stanley ( MS ) shares were up nearly 3% in recent trading.

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