Luna Innovations Incorporated has completed its acquisition by an affiliate of TJC, L.P., marking a major milestone for the advanced fiber optic technology company. The transaction values Luna at $1.39 per share in cash and became effective on September 18, 2026, following its initial announcement on June 26, 2026. This completion transitions Luna into a privately held company and sets the stage for its next phase of growth and investment.
Transaction Details
The acquisition was executed as an all-cash transaction through which Luna shareholders receive $1.39 for each share of common stock they hold. In connection with the completion of the merger, trading in Luna’s common stock on the OTC Expert Market has been suspended. Luna now operates as a private entity within the TJC platform, which brings extensive industrial and financial experience to the business.
Executive Perspectives
Luna President and Chief Executive Officer Kevin Ilcisin called the closing an exciting new chapter for the company, its employees, and its customers. He stated that access to TJC’s industrial and financial experience strengthens Luna’s ability to solve urgent customer problems. Ilcisin also noted that the partnership reinforces the company’s commitment to loyal customers while creating broader opportunities for employees and suppliers.
Investor and Market Impact
TJC Partner Erik Fagan said the all-equity acquisition positions Luna to make the investments needed to meet growing customer demand. Partner Robbie Redmond highlighted the company’s strong foundation in fiber optic-based measurement technology and expressed enthusiasm about working with the management team. TJC expects to support Luna as it scales the business, advances its product portfolio, and delivers greater value to customers.
Strategic Rationale
The transaction aligns with TJC’s focus on industrial technology and its history of partnering with experienced management teams. Luna’s advanced fiber optic test, measurement, and sensing solutions serve critical sectors including data centers, semiconductors, aerospace, defense, and telecommunications. Private ownership under TJC is expected to provide Luna with the flexibility and resources needed to accelerate innovation and operational expansion.
Path to Completion
The acquisition was first announced on June 26, 2026, giving shareholders and market participants time to evaluate the terms. The transaction became effective on September 18, 2026, following the satisfaction of customary closing conditions. With completion now finalized, the company has moved from the OTC Expert Market to private ownership without further public trading of its common stock.
Customer and Employee Impact
Luna’s leadership underlined that the deal directly benefits customers through continued investment in product quality and responsiveness. Employees and suppliers are expected to gain from the broader platform and resources made available through TJC. The company’s mission of addressing urgent customer problems remains central to its strategy as it moves forward under new ownership.
Company Background
Headquartered in Blacksburg, Virginia, Luna Innovations operates facilities across North America and internationally. The company delivers advanced fiber optic-based technology to data center, semiconductor, aerospace, defense, telecommunications, energy, automotive, utilities, research, and infrastructure customers. TJC, formerly known as The Jordan Company, manages approximately $31.3 billion in assets as of June 30, 2026, and has completed more than 90 investments over a 24-year period.
The completion of this acquisition represents a pivotal moment for Luna Innovations and its stakeholders. With TJC’s operational and financial backing, the company is positioned to strengthen its product offerings and better serve a global customer base. As Luna transitions into private ownership, its leadership expects the partnership to support long-term growth and reinforce its standing as a leader in fiber optic-based technology.