Houlihan Lokey Advises Crest Ultrasonics

Houlihan Lokey is pleased to announce that Crest Ultrasonics (Crest) has been acquired by Stellex Capital Management (Stellex). The transaction closed on October 1, 2025.

Crest is a global industrial technology manufacturer specializing in advanced cleaning and welding equipment for the medical, electronics, aerospace, automotive, industrial, consumer, and precision manufacturing markets. Crest delivers innovative, technology-driven solutions that help customers maintain production efficiency, safety, and compliance in mission-critical environments. With a strategic network of manufacturing facilities across the United States, Europe, and Asia, Crest is able to leverage its presence in key economic centers to reach customers across the globe and offer market-leading customer collaboration. For more than 60 years, Crest has built a reputation for technical innovation, differentiated advanced engineering capabilities, high-performance solutions, and deep customer relationships.

Stellex is a private equity firm based in New York with more than $5 billion in assets under management. Founded in 2014, Stellex invests in companies where it can deploy its operational expertise to support growth and value creation. The firm has offices in New York, London, Pittsburgh, and Detroit, focusing on sectors such as aerospace, defense, and government services; transportation and logistics; manufacturing; business services; food processing; and tech-enabled services.

Stellex plans to work closely with Crest’s management team in an effort to drive operational excellence, accelerate growth initiatives, and build on the company’s foundation of technical innovation, quality, and customer service.

Houlihan Lokey served as the exclusive sellside advisor to Crest and assisted in marketing, structuring, and negotiating the transaction on its behalf. This transaction highlights the team’s expertise and the continued success of Houlihan Lokey’s dedicated coverage of the global industrial technology sector.

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