Union Park Capital Acquires Majority Stake in Z-LASER GmbH

Elation Lighting Acquires X-Laser

October 1, 2025

Manufacturing

Elation Lighting Inc. has acquired the X-Laser brand and assets and launched X-Laser USA, an independent company operating from X-Laser’s Laurel, Maryland facility. The acquisition adds high-powered laser projectors and engineering capabilities to Elation’s product portfolio while establishing U.S.-based manufacturing and an East Coast service center.

Exaktera (Union Park Capital) Acquires iiM AG

September 30, 2024

Manufacturing

Exaktera, a portfolio company of Union Park Capital, has acquired iiM AG (iiM GmbH), a German developer and manufacturer of specialty LED lighting for machine vision and optical measurement systems. The deal is an add-on to Exaktera’s machine-vision lighting platform, expanding its European footprint and complementary LED and optical measurement capabilities; terms were not disclosed.

Pfingsten Acquires Pacific Lasertec

September 6, 2023

Manufacturing

Pfingsten, an operationally focused private equity firm, acquired Pacific Lasertec, a San Marcos-based manufacturer of specialty lasers and related power supplies, as a new platform investment on August 25, 2023. Pfingsten said it will work with PLT's management team to scale the business organically and through strategic add-on acquisitions to build a leading photonics solutions provider serving medical diagnostics, semiconductor, scientific R&D and advanced manufacturing end markets.

Exaktera Acquires Advanced Illumination Inc.

August 31, 2022

Manufacturing

Exaktera LLC, a portfolio company of Union Park Capital, has acquired Advanced Illumination Inc., a designer and manufacturer of specialty LED lighting assemblies and drivers for machine vision, industrial imaging and biomedical applications. Terms were not disclosed; Advanced Illumination will continue operating from Rochester, Vermont with John Thrailkill remaining in a leadership role and will be integrated into Exaktera's precision components platform to expand machine-vision illumination capabilities.

Union Park Capital's Exaktera Acquires ProPhotonix Limited

December 16, 2021

Manufacturing

Union Park Capital has acquired ProPhotonix Limited and will integrate the business into its Exaktera group. ProPhotonix, a designer and manufacturer of OEM laser modules and LED illumination solutions serving industrial, medical and scientific markets, will continue to be led by CEO Tim Losik and expand Exaktera's capabilities in optical and lighting components.

IK Investment Partners Acquires LAP GmbH (LAP Laser)

June 18, 2019

Medical Devices

IK Investment Partners’ IK VIII Fund has agreed to acquire LAP GmbH Laser Applikationen (LAP), a German manufacturer of laser positioning systems and radiotherapy QA software, from capiton. LAP is headquartered in Lüneburg, Germany, employs about 350 people across three manufacturing sites, and the deal is intended to support LAP’s growth, expand its QA software offering and enter new application areas in radiotherapy and industrial markets.