Morgan Stanley Acquires Nivel Parts From Kelso & Co.

The private equity unit of Morgan Stanley Investment Management is buying auto-market afterparts manufacturer Nivel Parts & Manufacturing Co. from private equity peer Kelso & Co. The private equity team is building up its portfolio of consumer-focused companies.

Morgan Stanley Capital Partners’ latest investment reflects the midmarket firm’s bet that consumers will continue to gravitate to the great outdoors long after the coronavirus pandemic has passed.

Aaron Sack, Managing Director and Head of Morgan Stanley Capital Partners, said, “We are delighted to partner with Nivel and its talented management team led by Brent Moore. The Company has differentiated itself through continued product innovation across vehicle categories and by providing best-in-class customer service to its highly passionate customer base. We look forward to working with Brent and the team to further scale the company through organic growth and strategic acquisitions.”

Source: Wall Street Journal