Morgan Stanley’s private equity arm that focuses on middle-market companies said on Wednesday it had acquired environmental services and consulting firm Apex Companies.
Morgan Stanley Capital Partners said the current owner of Apex, Sentinel Capital Partners, will retain a minority stake in the company after the deal closes.
Rockville, Maryland-based Apex offers water infrastructure and environmental, social and governance (ESG) consulting and other services.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Wall Street has sharpened its focus on ESG segment following investor pressure to cut financing to sectors that contribute to fossil-fuel use.
In 2021, JPMorgan Chase & Co acquired investment manager focused on timberland Campbell Global LLC, while Morgan Stanley Capital Partners bought a controlling stake in air-quality testing and monitoring solutions firm Alliance Technical Group.
Source: Reuters
Can’t stop reading? Read more
Exclusive Interview: Andrei Gemeneanu on building Romania’s private equity future
Exclusive Interview: Andrei Gemeneanu on building Romania's private equity future Andrei...
Shore Capital’s Justin Ishbia agrees $1.8bn path to control of MLB’s Chicago White Sox
Shore Capital’s Justin Ishbia agrees $1.8bn path to control of MLB’s Chicago White Sox Justin...
EQT to acquire controlling stake in Waga Energy in €534m clean energy push
EQT to acquire controlling stake in Waga Energy in €534m clean energy push EQT is set to acquire a...