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Shonnel Malani

Managing Partner, Advent International

Appears in 1 story

Notable Quotes

"When we invested in Ultra Maritime in 2022, we saw a business with mission-critical technology... that had been underinvested and was not yet fully delivering for its customers. Over the past four years, we have changed that."

Stories

Lockheed Martin to buy submarine-hunting sensor maker Ultra Maritime

Money Moves

Exiting the investment at a reported profit

The gear that finds enemy submarines comes largely from one mid-sized firm, Ultra Maritime. On July 6, 2026, Lockheed Martin agreed to buy it for $3.45 billion.

Updated 2 hours ago