Baird Capital, a private equity firm, completed an investment in Subsea Technology & Rentals, a subsea rental equipment and specialist services provider. Financial terms were not disclosed. “I am delighted to announce Baird Capital’s investment in STR. STR has grown from a small independent subsea equipment rental business into one of the most trusted international providers of subsea technology and technical services for customers across the offshore energy industry. This deal signals confidence both in our business and the long-term role STR will play in the future energy transition. This new investment will enable us to strengthen our product and service offering, extend our geographic footprint and pursue complementary acquisitions. It’s a great opportunity for STR’s customers, employees and suppliers around the world," Steve Steele, STR CEO.