Morgan Stanley Capital Partners /
The Rapid Group
Hidden Harbor sells The Rapid Group to Morgan Stanley Capital Partners
What happened
Hidden Harbor Capital Partners has completed the sale of The Rapid Group (TRG) to funds managed by Morgan Stanley Capital Partners. TRG handles inspection, maintenance, repair and equipment supply for pumps, motors and other critical assets used by municipal water and wastewater systems, industrial sites and commercial buildings. Financial terms weren't disclosed.
Hidden Harbor bought TRG in July 2022. Under its ownership TRG completed eight add-on acquisitions across the Northeast. TRG is headquartered in Paterson, New Jersey.
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Hidden Harbor sells The Rapid Group to Morgan Stanley Capital Partners
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