M&A Deal Summary

Morgan Stanley Capital Partners, Morgan Stanley Energy Partners and Morgan Stanley Tactical Value Investing Acquire XRI Blue

On August 23, 2016, private equity firms Morgan Stanley Capital Partners, Morgan Stanley Energy Partners and Morgan Stanley Tactical Value Investing acquired utilities company XRI Blue

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 1st, Morgan Stanley Energy Partners’ 1st and Morgan Stanley Tactical Value Investing’s 1st transaction in the Utilities sector.
  • This is Morgan Stanley Capital Partners’ 18th, Morgan Stanley Energy Partners’ 3rd and Morgan Stanley Tactical Value Investing’s 2nd transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 3rd, Morgan Stanley Energy Partners’ 2nd and Morgan Stanley Tactical Value Investing’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-08-23
Target XRI Blue
Sector Utilities
Buyer(s) Morgan Stanley Capital Partners
Morgan Stanley Energy Partners
Morgan Stanley Tactical Value Investing
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BofA Securities (Financial)

Target

XRI Blue

Houston, Texas, United States
XRI Blue is a water resource management company engaged in the sourcing, production, transportation, storage, and sale of water for use in the upstream exploration & production industry. XRI Blue was founded in 2013 and is based in Houston, Texas.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 21 of 50
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 13
State (Texas) 3 of 8
Country (United States) 18 of 47
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 Thrive Pet Healthcare

Austin, Texas, United States

Thrive Pet Healthcare is a veterinary service network that uniquely delivers a continuum of care to pet families and services to veterinary hospitals. With an industry-first membership program and over 400 acute, primary, and specialty hospitals, Thrive Pet Healthcare offers personalized, accessible care through every stage of a pet's life and health. Thrive Pet Healthcare was founded in 2003 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Buy -
DESCRIPTION

Morgan Stanley Energy Partners is an investment group within Morgan Stanley focused on opportunities in the energy sector. The group looks to invest in North American companies valued between $50 million and $1 billion. Prospective situations include corporate carve-outs, management buyouts, founder-led recapitalizations, platform build-ups, and growth equity investments. Morgan Stanley Energy Partners is based in New York City.


DEAL STATS #
Overall 3 of 9
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Texas) 2 of 6
Country (United States) 3 of 8
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 M.G. Bryan

Irving, Texas, United States

M.G. Bryan is a manufacturer and provider of specialized equipment and aftermarket parts and service to customers in oil and gas, power generation, construction, agriculture and other industries where their equipment is utilized. M.G. Bryan was founded in 1986 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Durango Midstream

The Woodlands, Texas, United States

Durango Midstream operates natural gas gathering, processing, and treating midstream assets spanning the Permian Basin of southeast New Mexico and the U.S. Midcontinent region. Durango Midstream was founded in 2018 and is based in The Woodlands, Texas.

Buy -
DESCRIPTION

Morgan Stanley Tactical Value Investing is an opportunistic investment group within Morgan Stanley focused on flexible capital solutions across asset classes, sectors, and geographies. The group will consider a variety of investment solutions including preferred equity, asset-backed loans, recapitalizations, PIPEs, and junior/senior debt. Morgan Stanley Tactical Value Investing is headquartered in New York City.


DEAL STATS #
Overall 2 of 15
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 5
State (Texas) 1 of 2
Country (United States) 2 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 Lineage

Novi, Michigan, United States

Lineage is a warehousing and logistics company built to deliver sophisticated, customized, and dependable cold supply solutions for a variety of customers worldwide. Lineage was founded in 2012 and is based in Novi, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Geru Tecnologia & Servicos

Sao Paulo, Brazil

Geru Tecnologia & Servicos operates in lending marketplace and offers unsecured personal (term) loans to prime and near-prime borrowers. Geru Tecnologia & Servicos was founded in 2013 and is based in Sao Paulo, Brazil.

Buy -