Luxium Solutions, LLC Completes Acquisition of Inrad Optics
Acquisition Strengthens Luxium’s Leadership in Optics & Photonics Solutions
“I would like to thank our customers, shareholders, and other stakeholders for their continued support over the past 51 years,” said Amy Eskilson, President and CEO of Inrad Optics. “I would also like to extend my heartfelt thanks to our Board of Directors for their support and guidance throughout the acquisition process. We are well positioned for future success.”
“We are excited to collaborate with Inrad Optics' seasoned team of technical and industry experts. We believe this acquisition will significantly enhance the range and value of solutions we can provide to our customers,” said Michael Cahill, CEO of Luxium Solutions. “Both Luxium and Inrad Optics contribute complementary technical expertise in applied material sciences and optics, empowering our customers' applications. This partnership marks a significant step in expanding our capabilities, resources, and the added value we can offer to our customers globally.”
Luxium, Inrad Optics, and PLX Inc. (acquired by Luxium in May 2024) anticipate leveraging the combined strengths and resources of all three organizations to deliver enhanced value to their customers, stakeholders, and employees. This move underscores Luxium's commitment to growth and innovation within the optics and photonics industry.
Advisors
CriticalPoint Partners, LLC is serving as financial advisor to Luxium Solutions, LLC and Latham & Watkins LLP is serving as legal counsel to Luxium Solutions, LLC. For more information about CriticalPoint Partners, LLC, please visit www.criticalpointpartners.com. For more information about Latham & Watkins LLP, please visit www.lw.com.
Needham & Company, LLC is serving as financial advisor to Inrad Optics and Lowenstein Sandler LLP is serving as legal counsel to Inrad Optics. For more information about Needham & Company, LLC, please visit www.needhamco.com. For more information about Lowenstein Sandler LLP, please visit www.lowenstein.com.
About Luxium Solutions
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About SK Capital Partners
SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The Firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately
About Edgewater Capital Partners
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Luxium Solutions
Vice President, Marketing
Keith Lewis
234-267-9065
Klewis@luxiumsolutions.com
Source: Inrad Optics, Inc.