Morgan Stanley Infrastructure Inc., New York City, N.Y
Engagement: Analysis of Potential Acquisition Opportunities in the Waste Management Industry in the Western United States for Morgan Stanley Infrastructure Inc.
Description of Services: Morgan Stanley Infrastructure Inc. (MSI) is a $4 Billion dollar investment fund seeking to partner with or purchase companies with long-term stable growth and above market returns on investment. IntelliWaste was retained by MSI to identify and analyze waste industry companies in the Western United States that have business models that meet the basic criteria of the MSI investment strategy. Such criteria includes companies that have strong franchise agreements with local municipalities; EBITDA margin in the low 30% and an EBIT margin of 13-15%; strong and predictable cash flows adjusted for inflation; own landfill and transfer station assets; and management teams seeking to broaden its business plan through acquisitions by accepting a minority or majority investment interest with MSI. After analyzing targeted companies, IntelliWaste prepared a confidential report with background on each company that provides MSI with concrete data and intelligence to make an informed decision regarding follow-up steps of approaching the company(s) for further acquisition discussions.
Description of Services: Morgan Stanley Infrastructure Inc. (MSI) is a $4 Billion dollar investment fund seeking to partner with or purchase companies with long-term stable growth and above market returns on investment. IntelliWaste was retained by MSI to identify and analyze waste industry companies in the Western United States that have business models that meet the basic criteria of the MSI investment strategy. Such criteria includes companies that have strong franchise agreements with local municipalities; EBITDA margin in the low 30% and an EBIT margin of 13-15%; strong and predictable cash flows adjusted for inflation; own landfill and transfer station assets; and management teams seeking to broaden its business plan through acquisitions by accepting a minority or majority investment interest with MSI. After analyzing targeted companies, IntelliWaste prepared a confidential report with background on each company that provides MSI with concrete data and intelligence to make an informed decision regarding follow-up steps of approaching the company(s) for further acquisition discussions.