Morgan Stanley Capital Partners, the middle-market private equity arm at Morgan Stanley Investment Management, has acquired Allstar Services.

Headquartered in Minneapolis, Minn., and founded in 1979, Allstar is a provider of residential exterior replacement, repair and maintenance services across trades including roofing, siding, windows and gutters. Today, the business primarily operates in the Minnesota, Wisconsin, North Dakota and South Dakota markets. The investment in Allstar marks MSCP’s third investment in residential services. Allstar chairman Pete Carlson will continue to lead the business.

“We are excited to leverage MSCP’s depth of experience operating within residential services, and their demonstrated ability to accelerate organic growth and execute complementary acquisitions,” comments Carlson.

Debevoise & Plimpton served as legal counsel to MSCP. TD Cowen and William Blair served as financial advisors to MSCP. Robert W. Baird & Co. served as financial advisor to Allstar.