Morgan Stanley Energy Partners and Catalyst Energy Services Announce Strategic Partnership
August 20 2018 - 4:00PM
Business Wire
Investment funds managed by Morgan Stanley Energy Partners
(collectively, “MSEP”), part of Morgan Stanley Investment
Management, and Midland, Texas-based Catalyst Energy Services LLC
(“Catalyst” or the “Company”) announced today a strategic
partnership whereby MSEP has made a majority equity investment in
Catalyst to support the growth of the Company’s pressure pumping
and other complementary services in premier U.S. oil and gas
basins. Proceeds from MSEP’s investment will be used to purchase
state-of-the-art Tier IV pressure pumping equipment specifically
designed to maximize pumping efficiency and meet the needs of
E&P customers’ modern completion designs.
The partnership with MSEP provides the Company with capital and
resources to significantly expand Catalyst’s equipment fleet and
service offerings. In connection with MSEP’s equity investment, the
Company expects to introduce new pressure pumping and pump down
equipment into the Permian Basin in 3Q 2018 with additional plans
to expand its service offerings and geographic footprint to support
its customers.
Catalyst’s senior management team, led by Bobby Chapman and Seth
Moore, has decades of operating experience in the pressure pumping
business. Bobby Chapman, CEO of Catalyst, said, “Our partnership
with Morgan Stanley Energy Partners provides Catalyst with a strong
sponsor and the world-class resources to build an industry-leading
oilfield services franchise. In light of the high demands and
specifications required in today’s state-of-the-art completion
techniques, we see a unique opportunity to provide our customers
with the industry’s newest equipment and differentiated services
that will drive efficiency in their completion operations. We are
very excited to grow this business.”
John Moon, Managing Director and Head of Morgan Stanley Energy
Partners, said, “We are delighted to be partnering with Catalyst to
grow the Company into a leading provider of high-end pressure
pumping services. We believe this is a compelling opportunity for
us to invest alongside an experienced management team to build a
leading energy services business across the most attractive oil and
gas basins in the United States.”
Logan Burt, Executive Director of Morgan Stanley Energy
Partners, added, “The current operating environment requires the
deployment of advanced equipment and an innovative, cost-effective
approach to well completions. We are thrilled to be partnering with
Bobby and Seth to deliver that differentiated service offering and
grow Catalyst into an industry leader.”
About Catalyst Energy ServicesHeadquartered in Midland,
Texas, Catalyst Energy Services provides pressure pumping and other
complementary services to upstream producers in premier U.S. oil
and gas basins. For further information about Catalyst, please
visit www.catalystenergyservices.com.
About Morgan Stanley Energy PartnersMorgan Stanley Energy
Partners, the energy-focused private equity business of Morgan
Stanley Investment Management, is a leading energy private equity
platform that makes privately negotiated equity and equity-related
investments in energy companies located primarily in North America.
Morgan Stanley Energy Partners pursues a differentiated investment
strategy, focused on the buyout and build-up of strategically
attractive, established energy businesses across the energy value
chain in partnership with world-class management teams. For further
information about Morgan Stanley Energy Partners, please visit
www.morganstanley.com/im/energypartners.
About Morgan Stanley Investment ManagementMorgan Stanley
Investment Management, together with its investment advisory
affiliates, has more than 600 investment professionals around the
world and $474 billion in assets under management or supervision as
of June 30, 2018. Morgan Stanley Investment Management strives to
provide outstanding long-term investment performance, service and a
comprehensive suite of investment management solutions to a diverse
client base, which includes governments, institutions, corporations
and individuals worldwide.
About Morgan StanleyMorgan Stanley (NYSE: MS) is a
leading global financial services firm providing investment
banking, securities, wealth management and investment management
services. With offices in more than 41 countries, the Firm's
employees serve clients worldwide including corporations,
governments, institutions and individuals. For further information
about Morgan Stanley, please visit www.morganstanley.com.
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Media Relations:MSEP Corporate Communications212-761-2448
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