Baird Capital successfully sells its investment in Subsea Technology & Rentals to Star Capital, highlighting STR's significant growth and alignment with sustainable energy initiatives.

Information on the Target

Subsea Technology & Rentals (STR) is a premier global provider of subsea sensor equipment and solutions, primarily serving the offshore energy, infrastructure, and marine science sectors. With over 20 years of industry experience, STR specializes in delivering mission-critical solutions that support various operations, including offshore surveys, remotely operated vehicles (ROVs), inspection, repair, maintenance (IRM), positioning, environmental monitoring, and subsea construction.

Since Baird Capital's investment in January 2022, STR has rapidly expanded its operations and capabilities in both the US and Asia. Under the leadership of CEO Steve Steele, who has been at the helm since 2022, the company has achieved remarkable growth, particularly in the US market, where revenues have surged by over 300% over the past three years.

Industry Overview in the Target’s Specific Country

The subsea sensor technology industry has been gaining traction globally, with a notable emphasis on innovation and sustainability. As the demand for renewable energy sources i