Investment funds managed by Morgan Stanley Capital Partners have acquired The Rapid Group, a provider of inspection, repair and maintenance services for rotating equipment, the private equity firm said on 20 October 2026. Financial terms were not disclosed.
Why Morgan Stanley Capital Partners is buying The Rapid Group
Eric Kanter, managing director and head of industrial services at MSCP, said the deal reflected the firm's focus on businesses providing essential services. MSCP said it would back TRG's growth in personnel, technical capabilities and geographic reach, including through acquisitions.
Deal terms and financing
Financial terms were not disclosed. Harris Williams acted as exclusive financial adviser and McDermott Will & Schulte as legal counsel to TRG; William Blair was financial adviser and Latham & Watkins legal counsel to MSCP.
Market context
TRG works across New York, New Jersey, Connecticut, Massachusetts, Pennsylvania and Rhode Island, focusing on pump, motor, generator and water and wastewater infrastructure, and also installs equipment for pharmaceutical and transport customers. MSCP's earlier infrastructure and industrial services investments include Apex Companies, Resource Innovations and Olsson.
