Morgan Stanley Capital Partners Acquires Resource Innovations; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley Capital Partners (MSCP) has acquired a controlling interest in Resource Innovations, a company specializing in energy efficiency and sustainability services. The acquisition, terms of which were not disclosed, sees Resource Innovations' CEO Lauren Casentini remain in her role and retain significant equity. This marks MSCP's third investment in industrials and outsourced services, highlighting Resource Innovations' growth and potential in energy policy implementation and clean energy transition.
April 02, 2024 | 1:01 pm
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Morgan Stanley, through its Capital Partners team, has expanded its portfolio by acquiring Resource Innovations, a firm focused on energy efficiency and sustainability.
The acquisition of Resource Innovations by Morgan Stanley Capital Partners highlights Morgan Stanley's strategic investment in sustainability and energy efficiency sectors. This move could positively influence Morgan Stanley's market perception as a forward-thinking and sustainability-focused entity. Given the growing market emphasis on clean energy and sustainability, this acquisition may enhance Morgan Stanley's competitive edge and potentially impact its stock positively in the short term.
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