MSIP and Crowley to form joint venture Crowley Wind Services Holdings.

Morgan Stanley Infrastructure Partners, an infrastructure company, and Crowley, a maritime and logistics company, agreed to form joint venture Crowley Wind Services Holdings, to focus on building offshore wind farms. Financial terms were not disclosed. "The partnership of our two companies will help lead the growth of the wind energy sector and provide clean, renewable energy for the U.S. through high-quality maritime and logistics operations and services. Our collaboration will help create not just more value as a business, but cleaner, more sustainable energy for our communities," Bob Karl, Crowley Wind Senior Vice President and General Manager.