Jane Edwards
Groton, Conn.-based maritime technology firm ThayerMahan has raised $10MÂ in financing from an affiliate of private equity firm AE Industrial Partners.
ThayerMahan said Monday it will use the funding from AEI Structured Solutions to expand research-and-development efforts and operations and advance growth initiatives through acquisitions.
ThayerMahan provides autonomous marine sensing systems, deployment, data gathering and analysis support to government and commercial customers. The firm leverages advancements in artificial intelligence, digital communications and robotic miniaturization to support traditional maritime operations and help reduce costs.
Mike Connor, co-founder and CEO of ThayerMahan, said AEI’s financial support and management team will help the company scale up and offer more value to clients.
Wilson Sonsini Goodrich & Rosati advised ThayerMahan on the deal’s legal aspect, while Kirkland & Ellis LLP served as AEI’s legal adviser.
