HKW cashes out of SDI with Morgan Stanley investment
U.S. private equity firm Hammond, Kennedy, Whitney & Co (HKW) has exited Specialized Desanders Inc (SDI), a Calgary-based oilfield equipment company specializing in sand management solutions. The exit resulted from the previously announced investment in SDI by Morgan Stanley Energy Partners. No financial terms were released. HKW, which first invested in SDI in 2013, supported the company in "numerous initiatives," CEO Chris Hemstock said, including expanding it internationally.
26 March 2018•2 mins read
