Morgan Stanley invests in oilfield equipment company SDI
Morgan Stanley Energy Partners (MSEP) has made an undisclosed investment in Specialized Desanders Inc (SDI), a Calgary-based oilfield equipment company which serves customers in the North American and global energy industry. The deal will see MSEP partner with CEO Chris Hemstock and SDI's management team. Founded in 2001, SDI specializes in oilfield equipment that removes sand and other solids during the well flowback and production process. MSEP, the energy private equity affiliate of U.S. financial services firm Morgan Stanley, said the investment will support the company's growth and expand its suite of sand management solutions.
21 March 2018•4 mins read
