Varagon Capital Partners served as administrative agent, joint lead arranger and joint bookrunner on a senior secured credit facility to support the acquisition of Sila Heating & Air Conditioning by Astar Heating and Air, a Dubin Clark portfolio company.
Astar Heating and Air was founded in 1976 and is headquartered in Middletown, NY. Sila Heating & Air Conditioning was founded in 1989 and is headquartered in King of Prussia, PA. The combined entity provides a range of HVAC services in the Northeast, including replacement, service and maintenance, as well as plumbing and water treatment services.
Varagon Capital Partners is an asset manager focused on direct lending to middle market companies.