Benchmark International Successfully Facilitated the Transaction Between Triton Submarines and the Ray Dalio Trust

Benchmark International is pleased to announce the transaction between Triton Submarines and the Ray Dalio Trust.

Triton Submarines, the world's leading manufacturer and producer of civilian submersibles, revealed that Bridgewater Associates Founder Ray Dalio and noted explorer and Academy Award-winning filmmaker James Cameron are joining the company to help supercharge the next generation of ocean exploration technology.

The announcement was first made public on December 11, 2022 during an event at the Los Angeles Museum of Natural History, marking the 10th anniversary of Cameron's DEEPSEA CHALLENGE expedition and history-making dive with his DEEPSEA CHALLENGER submersible to the Challenger Deep in the Mariana Trench, the deepest place on the planet. Triton Founder and President Patrick Lahey and Dalio joined Cameron on stage to discuss their new relationship aimed at supporting a vital new future of tech-enabled ocean exploration.

Said Lahey, "At Triton, we create innovative technology and machines intended to push past existing boundaries and inspire the next generation of ocean advocates. Ray and Jim bring additional business acumen and discipline to the company, creative ideas and unique opportunities that will amplify and expand on the important work we have accomplished so far. I couldn't be more excited to partner with two individuals with demonstrable passion and integrity, and with a deep commitment to ocean innovation and exploration that will make Triton's next chapter the most interesting of them all."

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Along with his son Mark, Dalio co-founded OceanX, a philanthropic initiative that supports scientists in exploring the ocean and bringing it to the world through captivating media. The organization's new one-of-a-kind marine science and media vessel, the OceanXplorer, is equipped with a pair of Triton 3300/3 MKII submersibles which have been instrumental in many ambitious expeditions and award-winning media productions, including BBC's Blue Planet II and in the upcoming National Geographic/Disney series OceanXplorers (WT), which is executive produced by James Cameron.

Said Dalio, "I'm thrilled to partner with the Triton team because my long relationship with them has convinced me that they are the best and most cutting-edge builders of non-military subs in the world. These subs are singular in the industry and are easily outfitted with advanced scientific and media equipment to bring important discoveries back to everyone." 

Cameron is a passionate underwater explorer, experienced submersible pilot, and longtime marine tech innovator credited with developing unprecedented deep ocean exploration vehicles, lighting, and 3D camera equipment. Along with his historic dive in the DEEPSEA CHALLENGER, a unique marine vehicle he co-designed and co-engineered, he's made more than 75 deep submersible dives and visited the wreck of the Titanic 33 times, fostering a definitive understanding of the forensics of the Titanic's sinking. Cameron has structured and led eight deep ocean expeditions. He's a National Geographic Explorer at Large and recipient of its most prestigious award, the Hubbard Medal and the Explorer's Club medal for Explorer of the Year. Having explored some of the most remote and challenging underwater locations around the globe, Cameron says it's the human element of being in a submersible that is paramount to facilitating a proper understanding of our oceans.

Said Cameron, "We're entering an exciting new age of technically-enabled ocean exploration reliant on a new suite of marine vehicles, advanced imaging systems, and other tech that will propel ocean science. More than 80% of our oceans are unexplored. There are mysteries to solve, new discoveries to make, and critical knowledge to acquire."

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"Working with Patrick Lahey and Bruce Jones at Triton Submarines as both a high-tech, high-precision manufacturing business and a provider of such a unique luxury/prestige set of product offerings was quite a pleasure. These businesses require identifying a rare set of potential acquirers that are among the hardest to reach. At the same time, the uniqueness of the business makes marketing the company anonymously a challenge on its own. Given the tremendous reputation and unparalleled capabilities of the company's products, that first step was really the challenge here." said Benchmark International's Managing Partner Clinton Johnston.

About Triton Submarines

Triton Submarines is the most experienced civil submarine producer in the world today – and the only contemporary manufacturer of acrylic and titanium pressure-hull-equipped personal submarines to deliver multiple classed and certified vessels with rated diving depths as shallow as 200 meters to depths as great as 11,000 meters. Based out of facilities in both Sebastian, Florida, and Barcelona, Spain, Triton Submarines' senior staff have more than 400 years of combined experience with more than 100 different submersibles, and their operations team members have logged over 35,000 dives together. Triton clients also enjoy superlative after-sales service and technical support from a company dedicated to their total satisfaction.

Triton Submarines, through its delivered 36000/2 model and contribution to the Five Deeps Expedition, engaged in record-breaking dives to the deepest point of the world's five oceans with the first submersible ever certified for Full Ocean Depth operation.

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