Nivel Is Acquired By Funds By MSCP

Industrial

Nivel, a portfolio company of Kelso, acquisition by Investment Funds by MSCP


Summary

Nivel Parts & Manufacturing Co., LLC (“Nivel” or the “Company”), a portfolio company of Kelso & Company, L.P. (“Kelso”), was recently acquired by Investment Funds Managed by Morgan Stanley Capital Partners (“MSCP”). Terms of the transaction were not disclosed.

Baird served as the lead financial advisor to Nivel Parts & Manufacturing Co., LLC on this transaction.

About

Nivel is the leading provider of branded aftermarket parts for personal transportation vehicles, utility terrain vehicles and heavy-duty equipment. Founded in 1968, the Company offers over 100,000 SKUs in accessories and maintenance parts across the full vehicle lifecycle to its diversified base of dealer, distributor and direct-to-consumer customers. Nivel is Headquartered in Jacksonville, Florida.

Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested over $15 billion of equity capital in 132 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firm's investment philosophy. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Kelso has significant experience investing in and supporting high-growth distribution platforms. Kelso is based in New York, New York.

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 and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach.
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Industrial

Nivel, a portfolio company of Kelso, acquisition by Investment Funds by MSCP

Date
May 2021
Company
Nivel Parts & Manufacturing Co., LLC
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Distribution
Outdoor Recreation & Sporting Goods
Vehicle Technology & Mobility
Target Geography
North America
Acquiror Geography
North America

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