Morgan Stanley Capital Partners Acquires The Rapid Group to Expand Infrastructure Services
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Morgan Stanley Capital Partners (MSCP) has acquired The Rapid Group (TRG), a Paterson, New Jersey-based provider of inspection, repair and maintenance services for critical mechanical and electrical equipment, expanding its investment portfolio in industrial and infrastructure services. Financial terms of the transaction were not disclosed. The acquisition gives MSCP, the middle-market private equity buyout business within Morgan Stanley Investment Management, a platform serving more than 1,800 customers across municipal, commercial and industrial markets in the northeastern United States. TRG specializes in maintaining and repairing rotating equipment, including pumps, motors and generators, as well as systems supporting water and wastewater infrastructure. Its services help municipalities, industrial facilities and commercial customers prevent equipment failures, restore operations and maintain essential infrastructure. With more than 50 years of operating history, TRG has established a regional presence across New York, New Jersey, Connecticut, Massachusetts, Pennsylvania and Rhode Island. The company's geographic footprint positions it to serve customers in a region with aging water and wastewater infrastructure and continuing demand for equipment maintenance and repair. For MSCP, the transaction represents an investment in a business providing services that customers...
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