CriticalPoint Advises Luxium Solutions, a portfolio company of SK Capital Partners and Edgewater Capital Partners, on its acquisition of Inrad Optics

CriticalPoint Advises Luxium Solutions, a portfolio company of SK Capital Partners and Edgewater Capital Partners, in its acquisition of Inrad Optics 

July 10th, 2024 – CriticalPoint is pleased to announce that it advised Luxium Solutions, LLC (“Luxium”), a worldwide technology leader and provider of high-performance crystals used in photonics and radiation detection applications, in its acquisition of Inrad Optics, Inc. (“Inrad Optics”), a provider of advanced optical components, assemblies and systems. This strategic acquisition strengthens Luxium’s portfolio of innovative products and provides significant resources, operational expertise, and capacity investment for Inrad Optics.

Luxium, an affiliate of private equity firms SK Capital Partners (“SK Capital”) and Edgewater Capital Partners (“Edgewater”), completed its acquisition of Inrad Optics on July 2nd, 2024. Post-closing, Inrad Optics will no longer be publicly traded, and will remain a U.S.-controlled and operated company. Luxium, SK Capital and Edgewater are each headquartered in the United States and have a demonstrable track record as responsible owners of businesses serving the U.S. defense industry.

“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. “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.

About Inrad Optics 

Inrad Optics is a vertically integrated manufacturer specializing in glass, crystal, and metal based optical components and assemblies. Manufacturing capabilities include super-precision optical surfacing, precision diamond turning, the ability to handle large substrates, proprietary optical contacting processes, thin film coatings, and high resolution in-process metrology. Inrad Optics’ customers include leading corporations in semiconductor wafer inspection, industrial and scientific process control and metrology, defense, space, and laser systems sectors, as well as the U.S. Government, National Laboratories and universities and institutions worldwide. Please visit https://www.inradoptics.com/ for more information. 

About Luxium Solutions

Headquartered in Hiram, Ohio, Luxium is recognized as a worldwide technology leader and provider of single crystal scintillation materials for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics. Luxium differentiates itself with capabilities and know-how in crystal growth, packaging and integration, and unique intellectual property supported by a portfolio of greater 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. Please visit https://luxiumsolutions.com/ for more information

CriticalPoint served as the exclusive financial advisor to Luxium Solutions in connection with the deal. The transaction, led by Matt Young and Chris Kim on behalf of CriticalPoint, demonstrates the firm’s expertise in middle market transactions and commitment to act as a trusted advisor with proven abilities to deliver for its clients.

If you would like more information about CriticalPoint or have questions regarding this transaction, please contact:

Matt Young

Founder & CEO

Direct: (310) 321-4401

[email protected]

Chris Kim

Director

Direct: (424) 437-2081

[email protected]

About CriticalPoint
Headquartered in Los Angeles, CriticalPoint executes, sources, and invests in deals for the traditionally underserved middle market. CriticalPoint uniquely combines the best of both investment banking and private capital service offerings. Since our founding in 2012, our mission has been to serve the needs of owners, entrepreneurs, management teams, and stakeholders with our experience, knowledge, and expert judgment, to help them realize their companies’ greatest potential. 

Messrs. Young and Kim are Registered Representatives of, and Securities Products are offered through CriticalPoint Partners, LLC Member FINRA , SIPC .  Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.

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