Houlihan Lokey Advises Luxium Solutions

Houlihan Lokey is pleased to announce that Luxium Solutions (Luxium), a portfolio company of SK Capital Partners (SK Capital) and Edgewater Capital Partners (Edgewater), has agreed to be acquired by Excelitas Technologies Corp. (Excelitas), a portfolio company of AEA Investors. The transaction was signed on October 10, 2025.

Luxium is a global technology leader and provider of high-performance materials, components, and solutions for precision optics and radiation detection applications. Headquartered in Hiram, Ohio, Luxium differentiates itself with capabilities and know-how in crystal growth, packaging, and integration, as well as unique intellectual property supported by a portfolio of more than 170 patents. With 400+ employees across production facilities in the U.S., France, and India, and sales offices in China and Japan, Luxium serves a global base of 650+ customers across a diverse set of applications across medical imaging, security and border protection, semiconductor, aerospace and defense, oil and gas, and other industrial markets.

Since the acquisition by SK Capital and Edgewater in December 2022, Luxium has achieved meaningful transformation driven by a series of operational and commercial initiatives executed by the management team, as well as the successful integration of PLX, Inc., and Inrad Optics, both acquired in 2024. These acquisitions expanded Luxium’s technical capabilities in high precision optics and enhanced its ability to deliver integrated, high-value solutions to customers across diverse end markets.

Excelitas is the leading provider of advanced, life-enriching technologies that make a difference, serving global market leaders in the life sciences, advanced industrial, next-generation semiconductor, aerospace, and defense end markets. Headquartered in Pittsburgh, Pennsylvania, Excelitas is an essential partner in the design, development, and manufacture of advanced technologies, offering leading-edge innovation in sensing, detection, imaging, optics, and specialty illumination for customers worldwide. This strategic combination will strengthen Excelitas’ technological capabilities and product portfolio, expand its market reach, and advance Luxium’s mission to deliver high-performance detection, imaging, and photonic solutions to customers worldwide. 

The transaction is expected to close in the next few months, subject to customary closing conditions and regulatory approvals.

Houlihan Lokey served as a financial advisor to Luxium in connection with this transaction.

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