Morgan Stanley Money Associates Acquires Apex Companies
Expenditure resources managed by Morgan Stanley Cash Companions (“MSCP”), the middle-market place focused private fairness team at Morgan Stanley Expenditure Management, have obtained Apex Corporations (“Apex” or the “Company”), a foremost service provider of end-to-finish environmental consulting and engineering solutions, from Sentinel Money Associates (“Sentinel”). MSCP is partnering with the present management team led by CEO Dave Fabianski, who will continue to lead the small business. Sentinel Capital Companions will sustain a minority place in the Company article-closing.
Apex, headquartered in Rockville, Maryland, is a chief in consulting and engineering expert services throughout a broad range of environmental and infrastructure wants. The Business serves general public sector shoppers at the federal, state, and municipal amounts, as properly as thousands of private sector consumers across retail, industrial, genuine estate, technologies, economic providers and strength finish marketplaces. An proven chief in stormwater compliance and environmental companies, Apex also provides a sturdy portfolio of services in drinking water infrastructure & drinking water assets, compliance & assurance (like ESG consulting), health and fitness & safety, transportation, and civil engineering.
“Apex’s answers provide customers and communities across a broad selection of environmental and infrastructure requirements, and seek out to ensure that organizations, federal government companies and municipalities accomplish and keep regulatory compliance. In addition to currently being a remarkably highly regarded provider of environmental providers, Apex is also a chief in the interesting and significant-advancement stormwater compliance marketplace,” explained Eric Kanter, Controlling Director and Head of Industrials at MSCP. “We think the company’s history of enlargement, both organically and by accretive M&A, has produced considerable momentum for continued progress. We are enthusiastic to husband or wife with Dave and the Apex leadership workforce to travel continued achievement in Apex’s core service choices and to go after strategic M&A that adds extra geographic existence, company capabilities and purchaser range.”
Dave Fabianski, President and CEO of Apex, stated, “Partnering with MSCP gives us with a incredible option to obtain further abilities and assets that we think will assistance us even more improve our benefit proposition and support providing. Collectively with MSCP we will accelerate our strategic expansion pursuits in drinking water, environmental, infrastructure, and ESG, even though expanding our investment decision in Apex’s folks, lifestyle, and digital strategies. The outlook in our field has never been better, and we are excited to lover with the MSCP team for our future chapter of development.”
MSCP’s acquisition of Apex represents its next expenditure in environmental companies, subsequent the acquisition of Alliance Technological Group in 2021, and is an space wherever the group has deep institutional know-how and domain expertise. It also is in line with MSCP’s and Morgan Stanley’s broader commitment to ESG.
Latham & Watkins served as legal counsel to MSCP, and Harris Williams and Raymond James served as MSCP’s economical advisors. Carlyle and Churchill Asset Management acted as the administrative brokers, bookrunners and arrangers on the funding.
About Morgan Stanley Money Companions
Morgan Stanley Funds Partners, portion of Morgan Stanley Investment decision Management, is a foremost middle-market personal fairness platform set up in 1986 that focuses on privately negotiated fairness and fairness-associated investments mainly in North The us. Morgan Stanley Money Partners seeks to generate benefit in portfolio firms generally in a sequence of subsectors in the enterprise products and services, shopper, healthcare, instruction and industrials marketplaces with an emphasis on driving significant natural and organic and acquisition progress by means of an operationally concentrated strategy. For even more information and facts about Morgan Stanley Capital Partners, be sure to visit www.morganstanley.com/im/capitalpartners.
About Morgan Stanley Expense Management
Morgan Stanley Financial commitment Management, jointly with its investment decision advisory affiliates, has much more than 1,200 investment decision industry experts all around the entire world and $1.3 trillion in property beneath administration or supervision as of December 31, 2022. Morgan Stanley Financial investment Management strives to supply remarkable lengthy-time period financial commitment functionality, service, and a in depth suite of investment management solutions to a numerous shopper foundation, which involves governments, establishments, corporations and persons throughout the world. For even more details about Morgan Stanley Financial commitment Management, make sure you visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a foremost world-wide financial companies business offering a extensive array of investment decision banking, securities, wealth management and expense administration expert services. With offices in 41 international locations, the Firm’s staff members serve consumers globally which includes businesses, governments, establishments, and persons. For a lot more information and facts about Morgan Stanley, remember to visit www.morganstanley.com.
Founded in 1988, Apex is a multidisciplinary consulting and engineering organization with a strong portfolio of abilities in water, environmental, infrastructure, overall health & safety, compliance & assurance, construction administration, and transportation. The Business is hugely regarded for its complex experience, immediate reaction, operational integrity, and exceptional consumer gratification. Apex operates in all 50 states and maintains a really capable and diverse staff of experts, geologists, engineers, consultants, technicians, and details administration professionals.
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