New York —
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.”…
