Capstone Partners Advises General Photonics on its Acquisition by Luna Innovations

Capstone Partners’ Industrial Technology Group advised General Photonics Corporation (General Photonics or the Company) on its sale to Luna Innovations Incorporated (Luna) (NASDAQ: LUNA).

Capstone’s deep sector expertise and industry relationships in photonics, optics and lasers were critical factors that ensured a successful transaction. I am very thankful for all of their hard work during this sale process.

Steve YaoCEO, General Photonics

Based in Chino, CA, General Photonics is a provider of advanced photonics solutions for the measurement, management and control of polarization and delay. The Company’s optical instruments and modules offer solutions for networks, sensor systems and biomedical diagnosis systems across multiple end markets including life sciences, telecommunications and aerospace & defense. General Photonics’ extensive IP portfolio and unique engineering expertise allow the Company’s product portfolio to meet the industry’s highest performance and reliability standards. For more information on General Photonics visit

Luna Innovations, based in Roanoke, VA, is a provider of fiber optic sensing and test & measurement products worldwide. It operates in two segments, Products & Licensing and Technology Development. The Products & Licensing segment offers fiber optic sensing products as well as test & measurement products to monitor the integrity of fiber optic network components and sub-assemblies. This includes optical vector analyzers, optical backscatter reflectometers and the Phoenix family of tunable lasers as well as distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.

Grant Garbers, Managing Director at Capstone, said “General Photonics’ diverse product offering and deep Intellectual Property portfolio provides Luna access to new customers and end-markets while presenting General Photonics the opportunity to leverage Luna’s infrastructure and resources. This combination is highly synergistic.”

Capstone acted as the exclusive financial advisor to General Photonics. The sale of General Photonics represents another successful advisory assignment in the Photonics sector for Capstone Partners’ Industrial Technology Group.