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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Luxium Solutions, LLC’s Acquisition of PLX, Inc.
May 21, 2024SHARE
Houston, TX – May 21, 2024 – Stellus Capital Management, LLC (“Stellus”), alongside its affiliates, provided senior debt financing to support the acquisition of PLX, Inc. (“PLX”) by Luxium Solutions, LLC (“Luxium” or the “Company”), a worldwide technology leader and provider of high-performance crystals used in photonics and radiation detection applications, backed by SK Capital Partners and Edgewater Capital Partners.
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. The Company 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 US, 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.
Headquartered in Deer Park, NY, PLX is a leading designer and manufacturer of high-precision optical assemblies and products for the defense and aerospace sectors as well as other industries. PLX’s solutions are deployed in a range of harsh environments and high-end applications where structural integrity and accuracy over time are critical, such as Military Fire Control Systems, Bore sighting, Beam Alignment and Delivery Systems, Laser Tracking, Environmental Monitoring, Metrology, and Satellite Ranging.
Dan Lory, Principal at SK Capital Partners, said, “We appreciate Stellus’ support of Luxium and look forward to their partnership as we continue expanding Luxium’s capabilities and drive growth.”
Adam Pollock, Managing Director at Stellus, added, “We are excited to partner with SK Capital Partners, Edgewater Capital Partners and the Luxium team. The Company’s unmatched capabilities and reputation, combined with the PLX acquisition, create a significant growth platform in the ultra-precision optics and detection-based technology space.”
For inquiries related to this Press Release, please contact:
Adam Pollock
(713) 292-5407
apollock@stelluscapital.com
