10:30 AM EDT, 07/25/2024 (MT Newswires) -- Morgan Stanley ( MS ) said Thursday that investment funds managed by Morgan Stanley Capital Partners have acquired American Restoration.

American Restoration provides emergency and loss-related mitigation services, as well as follow-on repair and rebuild services to both residential and commercial customers, according to Morgan Stanley Capital.

Morgan Stanley Capital is forming a partnership with American Restoration's current management, led by Chief Executive Dan Tarantin, who will continue to lead the firm, the company said.

Morgan Stanley ( MS ) shares were up 1% in recent trading.

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