Leading Electronics Company Changing Ownership

I wanted to share this press release for friends who might be looking for new communications systems for their business, or new marine electronics for their boats! Great people to work with.
Margo Myers, Principal, Margo Myers Communications
New Ownership for Two-Way Radio and Marine Electronics Firm
Customer Service Remains a Top Priority for Puget Sound Instrument Company, Inc.
TACOMA, Washington – Longtime family-owned two-way radio and marine electronics firm, Puget Sound Instrument Company, Inc. (PSI) 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 based in Pierce County.  PSI has extensive sales worldwide via their website at www.psicompany.com.
“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 Puget Sound Instrument Company, Inc. “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.”
Puget Sound Instrument Company, Inc. continues to grow in a tough economy, featuring high quality products from industry leaders, including:
  • Motorola Solutions
  • Furuno Marine Electronics
  • JRC
  • ICOM Radio
  • Vertex Standard
  • Raytheon JPS Communications
PSI provides equipment and services for businesses and government agencies, including Washington State Ferries, Metro Transit – Seattle, Joint Base Lewis-McChord, Arizona Department of Transportation and Red Wind Casino in Olympia, among others. PSI also provides communications equipment and services for numerous fire and police departments, universities and municipalities.
Both the current and incoming owners are dedicated to creating a seamless transition for their customers, suppliers, and employees.
“Working with Peter during this transition, I know the ownership change will be smooth,” said Richard Hart, current President and CEO. “I trust the company will be successfully positioned for future growth, not just in the Pacific Northwest, but for our global customers as well.”
Ollodart brings 24 years of successful 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 has held leadership roles in product planning, business development, partner and product marketing.
“My goal is to continue the tradition of customer and supplier focus that has made PSI so successful,” said Ollodart. “We will continue to work hard to ensure PSI continues its strong sales performance and growth.”
For more information about Puget Sound Instrument Company, Inc., and its products and services, please visit www.psicompany.com. For additional information about the sale of the company, or interviews with Richard Hart or Peter Ollodart, please contact Margo Myers at Margo Myers Communications, margo@margomyers.com, 206-604-4535.

Since 1965, Puget Sound Instrument Company, Inc. has been a leading provider and industry award winner of two-way communication equipment, marine navigation, surveillance and wireless electronics based in Tacoma, Washington. PSI takes pride in its customer relations and high attention to quality and detail, providing both products and service. Visit www.psicompany.com for more information.

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