STAR Capital completed the acquisition of Subsea Technology & Rentals from Baird Capital.

STAR Capital, an independent investment fund manager, completed the acquisition of Subsea Technology & Rentals, a global subsea sensor equipment and solutions provider, from Baird Capital, a private equity firm. Financial terms were not disclosed. “Securing STAR as our new majority investor will unlock significant growth potential as we plan to enter new markets and further boost our disruptive technology offering. The investment enables us to further enhance our product and service offering, extend our geographic footprint and pursue complementary acquisitions,” Steve Steele, STR CEO.