Stout served as the exclusive financial advisor to PLX Inc. on its recapitalization by way of a management buyout led by PLX’s COO, Itai Vishnia, who is a 24-year veteran of the company. In conjunction with the transaction, Mr. Vishnia has assumed the role of CEO and will continue to lead PLX’s growth strategy.
Founded in 1955 and headquartered in Deer Park, NY, PLX is a leading supplier of proprietary, highly engineered, precision optical instruments and assemblies for military, aerospace, space, and other commercial/industrial applications. PLX’s proprietary, Monolithic Optical Structure Technology (M.O.S.T.TM) integrates complex optical elements into compact monolithic structures, achieving exceptional accuracy and stability under severe environmental conditions. PLX’s highly technical optical systems are essential to major U.S. and international platforms, including the U.S. military’s Apache, Abrams Tank, and TOW missile programs, and NASA’s ICESAT-2 satellite program.