Edgewater and SK Capital-backed Luxium Solutions completed the acquisition of Inrad Optics for $19m.

Edgewater and SK Capital-backed Luxium Solutions, a provider of single scintillation crystals, completed the acquisition of Inrad Optics, a provider of advanced optical components, assemblies and systems, for $19m. “This transaction delivers immediate and certain value to our stockholders. Inrad Optics’ strategic corporate mission has never been more important, and this transaction allows us to maximize value for current stockholders while providing capital for refinancing the business and accelerating the Company’s growth," Jan Winston, Chair of Inrad Optics’ Board of Directors.