Morgan Stanley Capital Partners Acquires The Rapid Group
Key Highlights
- ➤Morgan Stanley Capital Partners acquired The Rapid Group, a Northeast infrastructure-services provider
- ➤The Rapid Group serves more than 1,800 municipal, commercial and industrial customers
- ➤TRG provides pump, motor, generator, and water and wastewater infrastructure services
- ➤MSCP plans to expand TRG’s geographic reach and capabilities through investment and acquisitions
Expert Statements
Eric Kanter, Managing Director and Head of Industrial Services at Morgan Stanley Capital Partners
“The acquisition of TRG underscores MSCP’s focus on investing in businesses providing truly essential services. The company’s services help customers maintain infrastructure that is fundamental to the operation of municipalities, businesses and institutions. TRG has built a differentiated platform, combining deep technical expertise, a dense regional footprint and a strong reputation for responsiveness and quality. We are excited to partner with TRG’s team to invest in the company’s people and capabilities, expand its geographic reach, and build on its track record of organic growth and strategic acquisitions.”
Kevin Dice, Chief Executive Officer and President of The Rapid Group
“Our team has spent decades earning the trust of customers who rely on TRG to keep mission-critical infrastructure systems operating safely and reliably. MSCP brings extensive experience supporting infrastructure services businesses in their growth journeys, and shares our commitment to our employees, customers and service-driven culture. This partnership will provide additional resources to strengthen our platform, broaden our capabilities and reach more customers while maintaining the responsiveness and technical quality that define TRG.”
Investment funds managed by Morgan Stanley Capital Partners (MSCP), the middle market private equity buyout team within Morgan Stanley Investment Management, announced today the acquisition of The Rapid Group (TRG), a leading provider of inspection, repair and maintenance services for rotating equipment across municipal, commercial and industrial end markets.
Headquartered in Paterson, New Jersey, TRG serves more than 1,800 customers across a range of public- and private-sector industries, providing repair and rapid-response capabilities needed to maintain critical mechanical and electrical systems and restore operations when equipment fails.
Get started
Create a free account to read the full story.