Morgan Stanley Energy Partners Completes Investment in Specialized Desanders, Inc.™
Investment funds managed by Morgan Stanley Energy Partners
(collectively, “MSEP”) announced today that they have completed an
investment in Specialized Desanders, Inc. (“SDI” or the “Company”). MSEP
is partnering with CEO Chris Hemstock and the current SDI management
team to support the growth of the Company's innovative oilfield
equipment and services business across North America and
internationally. Terms of the transaction were not disclosed.
SDI, headquartered in Calgary, Alberta, is a leading oilfield equipment
company that specializes in engineering, assembling, distributing, and
servicing patented, high-pressure equipment that efficiently removes
sand and other solids during the well flowback and production process.
The Company has longstanding relationships with top Canadian E&P firms
and has been growing rapidly in the U.S. market. The Company was
co-founded by Chris Hemstock in 2001 and has built a world-class
reputation for technical innovation, reliability, and service.
John Moon, Managing Director and Head of Morgan Stanley Energy Partners,
said “The North American energy industry continues to increase
productivity, and innovative companies like SDI have proven critical in
supporting this success. SDI will continue to play an important and
growing role in enabling the next generation of completion techniques.
We are delighted to partner with an innovative company that is uniquely
well suited to the changing industry.”
“We are excited to be working with Chris and the SDI team to accelerate
the Company's growth and expand their suite of novel sand management
solutions,” added Mark Bye, Managing Director of Morgan Stanley Energy
Partners. “SDI’s management has a passion and proven track record of
leveraging technical solutions to create value for their customers, and
we are pleased to be joining with them to further build this capability.”
Chris Hemstock, CEO and co-founder of SDI said “MSEP has decades of
experience in the oil and gas industry and a vast network in the USA,
Canada, and internationally that can help us grow. We have many exciting
opportunities in front of us and truly believe that MSEP brings the
expertise, networks, and resources that we need in a partner.”
About Specialized Desanders, Inc.
Headquartered in Calgary, Alberta, Specialty Desanders, Inc. is a
leading provider of proprietary desanding equipment and services serving
oil and gas customers in Canada, USA and internationally. For further
information about Specialty Desanders, Inc., please visit www.desanders.com.
About Morgan Stanley Energy Partners
Morgan Stanley Energy Partners, the energy-focused private equity
business of Morgan Stanley Investment Management, is a leading energy
private equity platform that makes privately negotiated equity and
equity-related investments in energy companies located primarily in
North America. Morgan Stanley Energy Partners pursues a differentiated
investment strategy, focused on the buyout and build-up of strategically
attractive, established energy businesses across the energy value chain
in partnership with world-class management teams. For further
information about Morgan Stanley Energy Partners, please visit www.morganstanley.com/im/en-us/capital-seeker/teams/private-equity/energy-partners-team.html
.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment
advisory affiliates, has more than 608 investment professionals around
the world and $482 billion in assets under management or supervision as
of December 31, 2017. Morgan Stanley Investment Management strives to
provide outstanding long-term investment performance, service and a
comprehensive suite of investment management solutions to a diverse
client base, which includes governments, institutions, corporations and
individuals worldwide. For further information about Morgan Stanley
Investment Management, please visit www.morganstanley.com/im
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 42 countries,
the Firm's employees serve clients worldwide including corporations,
governments, institutions and individuals. For more information about
Morgan Stanley, please visit www.morganstanley.com.
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