Morgan Stanley's PE Arm Takes Control Of Engineering Firm Olsson
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Morgan Stanley's private equity arm has acquired a majority stake in engineering firm Olsson, focusing on market expansion. The deal emphasizes employee ownership, with Olsson's staff reinvesting significantly. Founded in 1956, Olsson operates in various sectors, including technology and transportation. This investment is Morgan Stanley Capital Partners' fourth in infrastructure services since 2021, aiming to leverage its expertise for Olsson's growth. CEO Brad Strittmatter highlighted the partnership's alignment with Olsson's culture, while Morgan Stanley shares fell 1.81% to $183.19, nearing a 52-week high.
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