Morgan Stanley Energy Partners Completes Investment in Specialized Desanders, Inc.™
March 21 2018 - 8:30AM
Business Wire
Investment funds managed by Morgan Stanley Energy Partners
(collectively, “MSEP”) announced today that they have completed an
investment in Specialized Desanders, Inc. (“SDI” or the “Company”).
MSEP is partnering with CEO Chris Hemstock and the current SDI
management team to support the growth of the Company's innovative
oilfield equipment and services business across North America and
internationally. Terms of the transaction were not disclosed.
SDI, headquartered in Calgary, Alberta, is a leading oilfield
equipment company that specializes in engineering, assembling,
distributing, and servicing patented, high-pressure equipment that
efficiently removes sand and other solids during the well flowback
and production process. The Company has longstanding relationships
with top Canadian E&P firms and has been growing rapidly in the
U.S. market. The Company was co-founded by Chris Hemstock in 2001
and has built a world-class reputation for technical innovation,
reliability, and service.
John Moon, Managing Director and Head of Morgan Stanley Energy
Partners, said “The North American energy industry continues to
increase productivity, and innovative companies like SDI have
proven critical in supporting this success. SDI will continue to
play an important and growing role in enabling the next generation
of completion techniques. We are delighted to partner with an
innovative company that is uniquely well suited to the changing
industry.”
“We are excited to be working with Chris and the SDI team to
accelerate the Company's growth and expand their suite of novel
sand management solutions,” added Mark Bye, Managing Director of
Morgan Stanley Energy Partners. “SDI’s management has a passion and
proven track record of leveraging technical solutions to create
value for their customers, and we are pleased to be joining with
them to further build this capability.”
Chris Hemstock, CEO and co-founder of SDI said “MSEP has decades
of experience in the oil and gas industry and a vast network in the
USA, Canada, and internationally that can help us grow. We have
many exciting opportunities in front of us and truly believe that
MSEP brings the expertise, networks, and resources that we need in
a partner.”
About Specialized Desanders, Inc.
Headquartered in Calgary, Alberta, Specialty Desanders, Inc. is
a leading provider of proprietary desanding equipment and services
serving oil and gas customers in Canada, USA and internationally.
For further information about Specialty Desanders, Inc., please
visit www.desanders.com.
About Morgan Stanley Energy Partners
Morgan Stanley Energy Partners, the energy-focused private
equity business of Morgan Stanley Investment Management, is a
leading energy private equity platform that makes privately
negotiated equity and equity-related investments in energy
companies located primarily in North America. Morgan Stanley Energy
Partners pursues a differentiated investment strategy, focused on
the buyout and build-up of strategically attractive, established
energy businesses across the energy value chain in partnership with
world-class management teams. For further information about Morgan
Stanley Energy Partners, please visit www.morganstanley.com/im/en-us/capital-seeker/teams/private-equity/energy-partners-team.html
.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 608 investment
professionals around the world and $482 billion in assets under
management or supervision as of December 31, 2017. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180321005241/en/
Morgan StanleyMedia Relations:Lauren Belmare, 212-761-5303
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