Investment Summary

SK Capital Partners and Edgewater Capital Partners Exits Luxium Solutions

On October 14, 2025, Excelitas Technologies invested in manufacturer Luxium Solutions from SK Capital Partners and Edgewater Capital Partners

Investment Highlights
  • This is Excelitas Technologies’ 2nd transaction in the Manufacturing sector.
  • This is Excelitas Technologies’ 4th transaction in the United States.
  • This is Excelitas Technologies’ 1st transaction in Ohio.

Investment Summary

Date 2025-10-14
Target Luxium Solutions
Sector Manufacturing
Investor(s) Excelitas Technologies
Sellers(s) SK Capital Partners
Edgewater Capital Partners
Deal Type Add-on Acquisition

Target

Luxium Solutions

Hiram, Ohio, United States
Luxium Solutions is a manufacturer of single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications. Luxium Solutions was founded in 1969 and is based in Hiram, Ohio.

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Investor(S) 1

Investor

Excelitas Technologies

Waltham, Massachusetts, United States

Category Company
Founded 1931
Sector Technology Hardware
Employees3,000
DESCRIPTION

Excelitas Technologies is a global provider of photonics technology solutions. The Company’s components, modules and sub-systems enable its customers to develop unique, technology-driven products that serve a broad range of growing end markets. Excelitas’ core capabilities include expertise in detection, optics, illumination and advanced electronics. The Company primarily targets high-growth applications within the life sciences, industrial, semiconductor, consumer and defense and aerospace markets. Excelitas Technologies was founded in 1931 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 8 of 8
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: Ohio M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Excelitas - Select Aerospace and Defense Electronics Businesses

United States

Excelitas' Select Aerospace and Defense Electronics Businesses that provides advanced optics for heads-up and helmet-mounted displays, dismounted tactical night vision systems, and proprietary glass used in space and satellite applications.

Sell $710M

Seller(S) 2

SELLER

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 15 of 16
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 8
State: Ohio M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-09 Lisi Medical

Neyron, France

Lisi Medical specializes in the manufacture of medical devices related to bone surgery and advanced surgical technologies. Lisi Medical is based in Neyron, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-10 Axillon Fuel Containment

Rockmart, Georgia, United States

Axillon Fuel Containment is a military specification ("MIL-SPEC") fuel-cell designer and manufacturer for US-built military aircraft, as well as certain commercial aircraft and military ground vehicles. Its products provide crashworthy and, often, ballistically tolerant fuel cells on a broad range of aircraft and defense systems, including, among many others, the F-16, F-15, F/A-18, CH-47 Chinook, KC 135, B-52, AH-64 Apache, V-22 Osprey and the Bradley Fighting Vehicle. Axillon Fuel Containment is based in Rockmart, Georgia.

Sell -
SELLER

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 19 of 19
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 11
State: Ohio M&A 2 of 2
Country: United States M&A 19 of 19
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 Comprehensive Blood & Cancer Center

Bakersfield, California, United States

Comprehensive Blood & Cancer Center is a multi-national clinical contract research organization with deep experience in designing and managing clinical trials across a range of therapeutic areas, including oncology, CNS, and ophthalmology. Comprehensive Blood & Cancer Center is based in Bakersfield, California.

Buy -