Puget Sound Instrument Co. has new owner

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Longtime family-owned two-way radio and marine electronics firm Puget Sound Instrument Co. is being sold by Richard Hart to new owner Peter Ollodart, an experienced product marketer in the software industry.

The company, founded in 1965 by Raymond and Norma Hart, is a leading provider of two-way radio communications, marine navigation, surveillance and wireless communications.

“It’s been a lifelong dream to own a growing business of the caliber of PSI, which also provides me with fresh technical challenges,” said Ollodart, incoming president and CEO of PSI. “I want to assure customers, suppliers and our employees that I’m dedicated to carrying on the tradition of superb customer and supplier satisfaction for which PSI is known.”

Ollodart brings 24 years of experience as a product marketer in the hardware and software industry, most recently at Microsoft. He is well-versed in IP communications and wireless technologies, and is familiar with marine electronics as an avid boater of 30 years. Prior to PSI, Ollodart held leadership roles in product planning, business development, partner and product marketing.

“Working with Peter during this transition, I know the ownership change will be smooth,” Hart said in a statement. “I trust the company will be successfully positioned for future growth, not just in the Pacific Northwest, but for our global customers as well.”