Investment funds managed by Morgan Stanley Capital Partners (MSCP), a middle-market focused private equity team at Morgan Stanley Investment Management, have completed an investment in Nivel Parts & Manufacturing (Nivel), sold by funds managed by Kelso & Company. MSCP is partnering with the current management team led by Brent Moore, who will remain as CEO.
Headquartered in Jacksonville, FL, Nivel is the leading manufacturer and supplier of branded aftermarket parts for personal transportation vehicles, utility terrain vehicles and heavy-duty equipment. The Company offers over 100,000 SKUs in accessories and maintenance parts across the full vehicle lifecycle to a diversified customer base including dealers, distributors and consumers.
Nivel is the team’s most recent investment following AWT Labels & Packaging in December 2020 and US HealthConnect in October 2020 and represents a continuation of MSCP’s focus on high-growth, consumer enthusiast companies with strong competitive advantages.
Read more at Private Equity Wire
