Vescovo has climbed the highest peak on each of the world's seven continents and skied at least 100 kilometers to reach the North and South Poles, completing what's known as the "Explorer's Grand Slam." He's served 20 years in the US Navy Reserve, rising to a commander before retiring in 2014. And, at 53, the managing partner has also somehow found the free time to become a certified jet and helicopter pilot.
Now, Vescovo is receiving acclaim for another feat. On Monday, the pristinely tanned businessman's expedition company, The Five Deeps Expedition, announced that Vescovo set a record for the deepest underwater dive in history last month when his $48 million Triton 36000 submarine plunged 35,853 feet to the floor of the Pacific Ocean's Mariana Trench.
Vescovo's team discovered at least three new species while at the bottom of the earth's deepest known underwater point, dubbed Challenger Deep, which is nearly seven miles below sea level; they also reportedly found what they believe to be man-made trash. One of four trips made to Challenger Deep from April 28 to May 5, the record-setting plunge included four hours of ocean-floor exploration. Vescovo reportedly funded the expedition himself.
"It feels like a great privilege that I was able to do this as a human being," he told CBS. "It's a great feeling just to try and, you know, push humanity a little bit forward."
Vescovo's goal is to reach the deepest points of all five oceans. And he's made four already. In December, the investor became the first human to reach the bottom of the Atlantic Ocean’s Puerto Rico Trench, which is nearly 27,500 feet below the ocean’s surface. He’s also reached the bottom of the Java Trench in the Indian Ocean and the South Sandwich Trench in the Southern Ocean, between South America and Antarctica. Vescovo's final descent will take place in the Arctic Ocean's Molloy Deep this August.
The Discovery Channel will air a five-part documentary about Vescovo's adventures later this year.
In the meantime, expect Southlake, TX-based Insight Equity to continue dealing. The firm typically makes investments between $25 million and $100 million in North American middle-market companies in a range of sectors, including automotive, manufacturing, energy services and more. Vescovo is head of the firm's New York office and is responsible for the firm's financing, as well as portfolio companies' operations.
In February, Insight purchased Eddy Packing, a provider of fresh and frozen pork, beef and poultry products for the food service and retail industries. Later that month, Insight-backed portfolio company VirTex purchased fellow electronic manufacturing company Circuit Technology via an add-on deal.
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