Morgan Stanley Capital Partners’ Acquisition of Controlling Interest in Alliance Technical Group

Proskauer has advised investment funds managed by Morgan Stanley Capital Partners on the deal.

Investment funds managed by Morgan Stanley Capital Partners (“MSCP”), the middle-market focused private equity team at Morgan Stanley Investment Management, have acquired a controlling interest in Alliance Technical Group (“Alliance” or the “Company”), from Align Capital Partners. MSCP is partnering with the current management team led by CEO Chris LeMay, who will continue to lead the business.

Alliance is the leading provider of regulatory-driven air quality testing and monitoring solutions to customers throughout North America. Alliance has grown into one of the largest platforms in the industry through strong organic growth and strategic mergers and acquisitions, completing 13 acquisitions since 2015.

Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare, education and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach.

The Proskauer team advising MSCP was led by partner Vincent Indelicato (Picture) and associate Michael Saliba, and included associates Nicholas Pellegrino, Robert Chiu, and Ayisha McHugh (Corporate); partners Andrea Rattner and Colleen Hart, and associates Kaitlin Hulbert and Joshua Stephens (Employee Benefits and Executive Compensation); partner Martin Hamilton and associate Martine Agatston (Tax); partners Andrew Bettwy and Jinyoung Joo, special finance counsel Joseph Rebello, and associate Allison Saltstein (Finance); partner Christopher Pennington and associates Matthew Blair and Charles Kopciel (Real Estate); partner Frank Zarb (Regulatory); senior counsel Aliza Cinamon (Environmental); senior counsel John Ingrassia and special antitrust & regulatory counsel Jade-Alexandra Fearns (Antitrust); and senior counsel Nathan Lander (Insurance).

Involved fees earner: Martine Agatston – Proskauer Rose; Andrew Bettwy – Proskauer Rose; Matthew Blair – Proskauer Rose; Robert Chiu – Proskauer Rose; Aliza Cinamon – Proskauer Rose; Jade-Alexandra Fearns – Proskauer Rose; Martin Hamilton – Proskauer Rose; Colleen Hart – Proskauer Rose; Kaitlin Hulbert – Proskauer Rose; Vincent Indelicato – Proskauer Rose; John Ingrassia – Proskauer Rose; Jinyoung Joo – Proskauer Rose; Charles Kopciel – Proskauer Rose; Nathan Lander – Proskauer Rose; Ayisha McHugh – Proskauer Rose; Nicholas Pellegrino – Proskauer Rose; Christopher Pennington – Proskauer Rose; Andrea Rattner – Proskauer Rose; Joseph Rebello – Proskauer Rose; Michael Saliba – Proskauer Rose; Allison Saltstein – Proskauer Rose; Joshua Stephens – Proskauer Rose; Frank Zarb – Proskauer Rose;

Law Firms: Proskauer Rose;

Clients: Morgan Stanley Capital Partners;

Author: Martina Bellini