Middletown manufacturer KVH hires turnaround firm Black Diamond Capital Management

PBN Staff

02/08/2023

KVH INDUSTRIES Inc of Middletown announced Feb. 3 it has entered a support agreement with Black Diamond Capital Management LLC, a privately held asset management firm based in Stamford, Conn., that specializes in restructurings and business turnarounds. / COURTESY KVH INDUSTRIES INC

MIDDLETOWN – KVH Industries Inc. has entered a support agreement with Black Diamond Capital Management LLC, a privately held asset-management firm that specializes in restructurings and business turnarounds. Black Diamond, based in Stamford, Conn., currently holds a 17.2% stake in KVH. It will be granted a waiver to purchase up to 25% of KVH’s outstanding…

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