Stout advised Dukane Corporation (“Dukane” or the “Company”), a portfolio company of TVV Capital, on its sale to The Crest Group (“Crest”), backed by Stellex Capital Management. Stout served as the exclusive financial advisor to Dukane in connection with the transaction, which closed in August 2026.

Founded in 1922 and headquartered in St. Charles, Illinois, Dukane is a global leader in advanced ultrasonic solutions and plastic joining technologies, offering a broad technology portfolio in the industry. Engineered with automation in mind, Dukane’s technologies deploy across the full range of production settings, from in-line automation within highly automated production lines to automated work cells and benchtop systems. Supported by an extensive patent portfolio and operations across the United States, Europe, and Asia, Dukane serves more than 3,500 customers worldwide.

Crest is a global industrial technology company specializing in high-performance cleaning and welding equipment for the medical, electronics, aerospace, automotive, industrial, consumer, and precision manufacturing markets. With manufacturing facilities in the United States, Europe, and Asia, Crest delivers innovative solutions that help customers maintain production efficiency, safety, and compliance in mission-critical environments. The new partnership is expected to create meaningful opportunities for Crest and Dukane, allowing both companies to collectively leverage their technical expertise across a wide range of end markets.