Seven Seas Water acquired by Morgan Stanley Infrastructure Partners
Seven Seas Water,acquisition,Morgan Stanley
Seven Seas Water has announced that it has been acquired by funds managed by Morgan Stanley Infrastructure Partners ("MSIP"). Seven Seas Water is a former operating segment of AquaVenture Holdings Limited, which was acquired by Culligan earlier today.
Olaf N. Krohg, CEO of Seven Seas Water, commented, "We are excited to announce that Seven Seas Water is now partnered with a strong infrastructure investor that recognises the value of our services and solutions through our water treatment operations and our wastewater treatment and reuse assets. Under this new ownership, Seven Seas Water will be backed by a partner that shares our ambitious growth strategy and supports our continued focus on providing world-class service and operating expertise for our customers."