- Investment funds managed by Morgan Stanley (NYSE:MS) Capital Partners have acquired Apex Companies, a provider of environmental and engineering services, from Sentinel Capital Partners. Financial terms of the deal weren’t disclosed.
- The transaction marks MSCP’s second investment in environmental services, following its purchase of Alliance Technical Group in 2021, and is part of Morgan Stanley’s (MS) broader commitment to Environmental, Social, and Governance initiatives.
- Apex’s services focus on ensuring that corporations, government agencies, and municipalities achieve and maintain regulatory compliance. It’s also a leader in the high-growth stormwater compliance industry, Morgan Stanley said.
- “We believe the company’s record of expansion, both organically and through accretive M&A, has generated substantial momentum for continued growth,” said Eric Kanter, managing director and head of Industrials at Morgan Stanley (MS) Capital Partners.
- In 2022, rising interest rates and a slowing economy put the brakes on M&A activity, S&P said.
Source: Seeking Alpha
