Morgan Stanley Funds Associates Completes Financial investment in Nivel Areas & Production | Company
3 min readNEW YORK–(Enterprise WIRE)–May well 21, 2021–
Financial commitment cash managed by Morgan Stanley Money Associates (“MSCP”), the middle-market focused non-public equity team at Morgan Stanley Expense Administration, have done an investment in Nivel Areas & Manufacturing (“Nivel” or the “Company”), marketed by cash managed by Kelso & Corporation. MSCP is partnering with the recent administration staff led by Brent Moore, who will continue being as CEO.
Headquartered in Jacksonville, FL, Nivel is the main producer and supplier of branded aftermarket parts for personal transportation automobiles, utility terrain automobiles and hefty-responsibility equipment. The Enterprise delivers around 100,000 SKUs in components and maintenance areas across the full auto lifecycle to a diversified buyer foundation including dealers, distributors and people.
Aaron Sack, Handling Director and Head of Morgan Stanley Capital Partners, claimed, “We are delighted to partner with Nivel and its gifted management crew led by Brent Moore. The Business has differentiated alone as a result of continued item innovation throughout automobile classes and by supplying greatest-in-course client company to its hugely passionate client base. We seem ahead to functioning with Brent and the group to even further scale the company by means of organic expansion and strategic acquisitions.”
Nivel is the team’s most recent financial commitment subsequent AWT Labels & Packaging in December 2020 and US HealthConnect in Oct 2020 and signifies a continuation of MSCP’s concentrate on large-expansion, client fanatic corporations with powerful aggressive rewards.
“We could not be much more excited to be doing work with Morgan Stanley Capital Companions as we enter this interesting new phase,” explained Brent Moore, CEO of Nivel. “Our team has often been uniquely centered on providing a seamless practical experience and in depth item array to our shoppers. With MSCP’s deep skills in advancing consumer-centric companies on their progress trajectories, we will be perfectly-equipped to expand our present abilities and products and solutions while continuing to offer the maximum quality services to our consumers.”
Jones Working day acted as authorized advisor to MSCP.
About Morgan Stanley Cash Companions
Morgan Stanley Money Associates, portion of Morgan Stanley Expenditure Management, is a primary middle-industry non-public equity system that has invested money in a wide spectrum of industries for about three decades. Morgan Stanley Funds Companions focuses on privately negotiated fairness and fairness-associated investments principally in North America and seeks to develop benefit in portfolio firms generally in a collection of subsectors in the enterprise expert services, purchaser, health care and industrials marketplaces with an emphasis on driving major organic and acquisition development by way of an operationally focused technique. For further more facts about Morgan Stanley Capital Partners, please stop by www.morganstanley.com/im/capitalpartners.
About Morgan Stanley Investment Management
Morgan Stanley Expense Management, collectively with its expense advisory affiliates, has more than 731 expense gurus around the globe and $1.4 trillion in assets below administration or supervision as of March 31, 2021. Morgan Stanley Financial commitment Administration strives to give fantastic long-phrase expense performance, assistance and a thorough suite of expense management answers to a varied customer base, which features governments, establishments, corporations and folks all over the world. For further data about Morgan Stanley Investment Administration, be sure to stop by www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a main world monetary companies firm providing expenditure banking, securities, prosperity administration and expense management expert services. With offices in far more than 41 international locations, the Firm’s employees serve purchasers around the world which include companies, governments, establishments and people today. For a lot more details about Morgan Stanley, you should go to www.morganstanley.com.
About Nivel Components & Producing
Started in 1968, Nivel is a worldwide manufacturer, distributor, and vendor of aftermarket components and components for specialized niche automobiles and weighty-duty equipment. It is a trustworthy company associate to 1000’s of sellers, distributors, and shoppers in the US and intercontinental markets. Nivel owns the most valuable brand names in the aftermarket specialized niche automobile components and extras classes: MadJax, Red Dot, GTW, Jake’s, Reliance, Seizmik and Higher Lifter. For additional info, make sure you pay a visit to the Company’s website https://www.nivel.com/.
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Source: Morgan Stanley Money Companions
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PUB: 05/21/2021 08:30 AM/DISC: 05/21/2021 08:32 AM
Copyright Business Wire 2021.
