Luxium Solutions Acquires PLX Inc. and PLX UK from Tinicum-led Investor Group
March 4, 2024
Luxium Solutions, a PE-backed provider of high-performance crystals for photonics and radiation detection, has agreed to acquire PLX Inc. and PLX UK, Ltd. from an investor group led by Tinicum. The acquisition broadens Luxium's detection-enabling technology capabilities by adding PLX's monolithic optical assembly, optomechanical engineering and systems-integration expertise; debt financing was provided by KeyBanc Capital Markets and a unitranche by Stellus Capital Management.
- Buyers
- Luxium Solutions, LLC
- Targets
- PLX Inc., PLX UK, Ltd.
- Sellers
- Investor group led by Tinicum L.P.
- Industry
- Manufacturing
- Location
- New York, United States
- Transaction Type
- Addon
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