Baird Capital successfully sold its investment in subsea sensor provider STR to Star Capital, marking a significant milestone in both companies' commitment to sustainability and technological innovation in the energy transition sector.

Target Information

Subsea Technology & Rentals (STR) is a premier provider of subsea sensor equipment and solutions, catering to the offshore energy, infrastructure, and marine science sectors worldwide. With over 20 years of experience, STR specializes in delivering critical technology and services for various subsea applications, including offshore survey, remotely operated vehicles (ROVs), inspections, repairs, and maintenance (IRM), positioning, environmental assessments, and subsea construction.

STR operates on a global scale and has significantly enhanced its capabilities and operations, particularly in the U.S. and Asia, since Baird Capital's investment in January 2022. The company's strategic growth has led to a remarkable increase in U.S. revenues, which have surged by over 300% within this period.

Industry Overview

The subsea technology industry plays a pivotal role in the offshore energy sector, which is increasingly focusing on sustainability and energy transition. Many companies within this field are innovating to support renewable