Varagon Capital Partners (Varagon) announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of Sila Heating & Air Conditioning, Inc. by Astar Heating and Air, LLC, a Dubin Clark portfolio company.
Astar Heating and Air, LLC was founded in 1976 and is headquartered in Middletown, NY. Sila Heating & Air Conditioning, Inc. was founded in 1989 and is headquartered in King of Prussia, PA. The combined entity provides a wide range of HVAC services in the Northeast including replacement, service, and maintenance, as well as plumbing and water treatment services.