Private Debt Partners funds expansion for Poseidon Ocean Systems Ltd.
Summary
The funding will be used to fuel the Companys international expansion in South America with their existing blue-chip customer base.Poseidon Ocean Systems Founder and CCO Heather Clarke commented, "To support the recent growth within Poseidons business, we are pleased to embark on a new financing partnership with PDP. The transaction marks PDPs seventh portfolio loan since April 2021 as our investment team is actively working to deploy senior term financing solutions to growing companies in the Canadian mid-market.Private Debt Partners is a private debt firm solely focused on Canadian mid-market opportunities. PDP was co-founded by Jeffrey Deacon, Greg Dimmer and Jean-Christophe Greck who combined bring over 35 years of experience in fundraising, origination, portfolio management and underwriting. Additional information on PDP is available atPoseidon Ocean Systems is a Canadian full-service aquaculture engineering and technology provider. Poseidon specializes in saltwater aquaculture infrastructure and life support design, engineering, product development and supply.