Capstone Headwaters advises Research Electro-Optics, Inc. on its sale to Excelitas Technologies Corp.

Capstone Headwaters, LLC has advised Research Electro-Optics, Inc. (“REO” or the “Company”) on its sale to Excelitas Technologies Corp., a portfolio company of AEA Investors. Terms of the transaction were not disclosed.


REO is a leading provider of complex optical solutions including optical design, fabrication, high end optical coatings and sub-system level assemblies for industrial technology, aerospace and defense, microelectronics and medical end-markets. Based in Boulder, Colorado, REO delivers industry leading performance, reliability and value to its blue-chip customer base.


Paul Kelly, CEO of REO, stated

“We believe we have found the ideal strategic partner to leverage our optical technology, infrastructure, and capabilities and continue to build upon our leadership and growth position. The similarities in culture will allow our employees to continue to thrive.


We are thankful for the Capstone Headwaters team’s deep strategic relationships, sector expertise, and execution precision which collectively played a critical role in the success of this transaction.”


Grant Garbers and Peter Nam, Managing Directors in Capstone Headwaters’ Industrial Technology Group said

“The synergies between REO and Excelitas create a market leading, global technology player in end-to-end optoelectronics and optomechanical solutions. The combined organization has significant strength across senior management, engineering, sales and marketing, finance and operations and is uniquely qualified to meet the demanding needs of its global customer base for the highest performing optical solutions,”


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