Marport Secures PE Financing From Hasting Equity, Admirality Partners
Marport Deep Sea Technologies Inc. secured an equity investment led by Hasting Equity Partners LLC of Waltham, Mass., and Admiralty Partners Inc. of Los Angeles, Calif. In connection with the financing, Bruce MacRae, a managing director at Hastings, will join Marport as chairman. He replaced Derrick Rowe, who remains with the board. Marport, St. John’s, Canada, is a developer and manufacturer of sonar products for the defense and commercial fisheries markets.
ByEamon
14 January 2011•4 mins read
