Morgan Stanley Capital Partners, the middle-market private equity arm at Morgan Stanley Investment Management, has purchased RowCal.
Headquartered in Minneapolis, Minn., RowCal provides outsourced homeowner association (HOA) property management services, offering a service to manage and maintain homeowner association communities. The company currently serves the Minnesota, Colorado and Texas markets. RowCal’s approach combines technology with its care team to drive customer experiences.
“We believe our partnership with MSCP will enable us to continue our national buildout and growth trajectory by investing in the capability set to drive organic growth and expand our geographic footprint,” states Jake Christenson, CEO of RowCal.
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 RowCal.