Seven Seas Water: Morgan Stanley Infrastructure Partners Exits Investment
Deal News | May 22, 2025 | Morgan Stanley (MSCP)
Morgan Stanley Investment Management, through its private infrastructure investment platform Morgan Stanley Infrastructure Partners (MSIP), has entered into an agreement to sell its stake in Seven Seas Water Group to the EQT Infrastructure VI fund. Seven Seas Water is a prominent developer and operator of water and wastewater treatment plants in North America, covering regions like the United States, the Caribbean, and Latin America. Known for its Water-as-a-Service (WaaS) model, Seven Seas Water had substantial growth under MSIP's ownership. The company has successfully signed multiple high-profile contracts and has established itself as a leader in the North American WaaS sector. This transaction underscores MSIP's strategic focus on essential services with long-term, inflation-protected cashflows and operational excellence.
Sectors
- Infrastructure Investment
- Water Treatment
- Private Equity
Geography
- United States – Seven Seas Water Group operates extensively in the United States and recently secured contracts in Texas.
- Caribbean – Seven Seas Water has a presence in the Caribbean, making it relevant to the geography.
- Latin America – Seven Seas Water operates in Latin America, contributing to its geographical footprint.
Industry
- Infrastructure Investment – The transaction involves the sale of a water infrastructure company, which fits under Infrastructure Investment, focusing on essential services.
- Water Treatment – Seven Seas Water operates in water and wastewater treatment, making the Water Treatment industry relevant.
- Private Equity – Morgan Stanley Infrastructure Partners and EQT are both involved, which are key players in the Private Equity sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Morgan Stanley Infrastructure Partners (MSIP) | Seller | Company | MSIP is Morgan Stanley's private infrastructure investment platform executing the sale of Seven Seas Water. |
| Seven Seas Water Group | Target Company | Company | Seven Seas Water is a leading water and wastewater treatment service provider. |
| EQT Infrastructure VI fund (EQT) | Buyer | Company | EQT Infrastructure VI fund is acquiring Seven Seas Water Group from MSIP. |
| Morgan Stanley Investment Management | Parent Entity | Company | Morgan Stanley Investment Management oversees MSIP and manages investment strategy. |
| South Texas Water Authority (STWA) | Customer | Company | STWA is one of the high-profile clients of Seven Seas Water Group. |
| City of Alice in Texas | Customer | Government | The City of Alice has engaged Seven Seas Water for project delivery in Texas. |