09:45 AM EST, 12/10/2024 (MT Newswires) -- Investment funds managed by Morgan Stanley Capital Partners, the middle-market private equity team of Morgan Stanley ( MS ) , said Tuesday they agreed to acquire Prescott's, a healthcare-focused clinical engineering services provider, from Atlantic Street Capital.

Financial terms weren't disclosed.

Prescott's Chief Executive Brian Straeb and the current management team will remain in leadership roles, Morgan Stanley Capital Partners said in a statement. Deal completion is subject to customary closing conditions, it added.

Morgan Stanley ( MS ) shares fell 1.4% in early trading.

Price: 126.82, Change: -1.76, Percent Change: -1.37