Morgan Stanley Capital Partners Completes Acquisition of American Restoration
25 7월 2024 - 10:00PM
Business Wire
Investment funds managed by Morgan Stanley Capital Partners
(“MSCP”), the middle-market focused private equity team at Morgan
Stanley Investment Management, has acquired American Restoration,
which provides residential and commercial property mitigation and
restoration services. MSCP is partnering with the current
management team led by CEO Dan Tarantin, who will continue to lead
the business.
Headquartered in Dallas, American Restoration operates across 10
states through eight regional brands. The company provides
emergency and loss-related mitigation services as well as
complementary follow-on repair and rebuild services to both
residential and commercial customers. American Restoration has
grown into a leading platform in the industry through a combination
of strong organic growth, strategic M&A, and a focus on
customers in their time of need.
Adam Shaw, Managing Director and Head of Business Services at
MSCP, said: “We are excited to partner with Dan and the American
Restoration team as they continue building a best-in-class platform
across the residential and commercial restoration space. American
Restoration represents our continued effort to invest in
high-quality residential and commercial services companies, a
sector in which we have deep institutional knowledge and expertise
building industry-leading platforms. We look forward to working
together to continue accelerating the company’s exciting growth
trajectory.”
The acquisition of American Restoration represents MSCP’s fifth
residential and commercial services investment following
partnerships with Sila Heating & Air Conditioning, Fairway
Lawns, Allstar Services and RowCal.
“We could not be more excited to partner with MSCP for the next
chapter of our growth and evolution,” said Dan Tarantin, CEO of
American Restoration. “We look forward to leveraging MSCP’s
expertise operating across the residential and commercial services
space, as well as their demonstrated ability to help & support
teams to accelerate organic growth and execute strategic
acquisitions.”
Debevoise & Plimpton served as legal counsel to MSCP. Harris
Williams and Stephens Inc. served as MSCP’s financial advisors.
Robert W. Baird & Co served as financial advisor to American
Restoration.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley
Investment Management, is a leading middle-market private equity
platform established in 1986 that primarily invests alongside
founders and seeks to partner with management teams to build
best-in-class companies within business, consumer, industrial and
healthcare services. Morgan Stanley Capital Partners seeks to
create value in portfolio companies through a transformational
organic and acquisition-related growth strategy by leveraging its
deep internal operational capabilities and value creation playbook.
For further information about Morgan Stanley Capital Partners,
please visit www.morganstanley.com/im/capitalpartners.
Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has approximately $1.5 trillion in
assets under management or supervision as of March 31, 2024. Morgan
Stanley Investment Management strives to provide outstanding
long-term investment performance, service and a comprehensive suite
of investment management solutions to a diverse client base, which
includes governments, institutions, corporations and individuals
worldwide. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 42
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
About American Restoration
American Restoration is an industry-leading platform offering
emergency mitigation and restoration services across both
residential and commercial properties. American Restoration
services 10 states through a family of 8 market-leading brands
built on a foundation of technical expertise, caring customer
service, and a commitment to the communities they serve. For more
information, please visit the Company’s website
https://www.amrestoration.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722386574/en/
Morgan Stanley: Alyson Barnes,
Alyson.Barnes@morganstanley.com
Morgan Stanley (NYSE:MS)
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Morgan Stanley (NYSE:MS)
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