Morgan Stanley Investment Management’s middle-market focused private equity division, Morgan Stanley Capital Partners (MSCP), has bought American Restoration, a provider of residential and commercial property mitigation and restoration services.
MSCP is working with the present management team, anchored by CEO Dan Tarantin, who will continue to run the company.
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By GlobalDataAmerican Restoration, which has its headquarters in Dallas, uses eight regional brands to conduct business in ten states. Both residential and business clients can take use of the company’s emergency and loss-related mitigation services, as well as its complimentary follow-up repair and rebuild services.
American Restoration has become a platform in the industry, with a blend of strong organic development, knowledgeable M&A, and a focus on consumers in their time of need.
After partnering with Sila Heating & Air Conditioning, Fairway Lawns, Allstar Services, and RowCal, MSCP is making its fifth investment in both commercial and residential services with its purchase of American Restoration.
Adam Shaw, managing director, and head of business services at MSCP, stated: “We are excited to partner with Dan and the American Restoration team as they continue building a best-in-class platform across the residential and commercial restoration space. American Restoration represents our continued effort to invest in high-quality residential and commercial services companies, a sector in which we have deep institutional knowledge and expertise building industry-leading platforms. We look forward to working together to continue accelerating the company’s exciting growth trajectory.”
Tarantin added: “We could not be more excited to partner with MSCP for the next chapter of our growth and evolution. We look forward to leveraging MSCP’s expertise operating across the residential and commercial services space, as well as their demonstrated ability to help & support teams to accelerate organic growth and execute strategic acquisitions.”
MSCP was represented by the law firm Debevoise & Plimpton. Harris Williams and Stephens Inc. were MSCP’s financial advisers, and Robert W. Baird & Co. advised American Restoration.
