Excelitas Acquired by Private Equity Firm

Photonic solutions provider Excelitas Technologies Corp. has been acquired by funds sponsored by AEA Investors LP.

Formerly owned by Veritas Capital Fund Management since November 2010, Excelitas Technologies delivers market-driven photonic products and solutions to meet the lighting, optical and detection requirements of a broad range of customers worldwide. AEA Investors manages funds that have approximately $10 billion of invested and committed capital and AEA private equity investments across four sectors: value added industrial products, specialty chemicals, consumer/retail and services. Financial terms of the acquisition were not disclosed.

“AEA Investors is an experienced investor in the industrial technology sector with a strong track record of successful investments,” said David Nislick, CEO of Excelitas. “Their focus on facilitating the growth of companies like Excelitas makes AEA the ideal partner to help capitalize on our growing market opportunities as we continue delivering innovative photonics technologies to our customers.”

Excelitas will remain headquartered in Waltham, Mass., and retain its corporate identity and brands as it continues its successful business growth models.

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. Excelitas is a developer of photonic solutions for the biomedical, R&D, safety and security, consumer products, semiconductor, energy and environment, industrial sensing, imaging, defense, and aerospace markets.