Morgan Stanley Capital Partners acquires Rapid Group
The Paterson, New Jersey-based company serves more than 1,800 customers across New York, New Jersey, Connecticut, Massachusetts, Pennsylvania and Rhode Island.
Morgan Stanley Capital Partners acquired The Rapid Group, a provider of inspection, repair and maintenance services for rotating equipment across municipal, commercial and industrial end markets. The Paterson, New Jersey-based company serves more than 1,800 customers across New York, New Jersey, Connecticut, Massachusetts, Pennsylvania and Rhode Island.
The platform adds to MSCP's industrial and infrastructure services portfolio, which includes investments in Apex Companies, Resource Innovations and Olsson.
Get Buyout Desk email updates.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up on the site. Email updates are not on a fixed schedule.