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Crestview Partners to buy Gores Group-owned Elo Touch Solutions

Crestview Partners LP entered into a definitive agreement to buy Elo Touch Solutions Inc. from fellow private equity firm Gores Group LLC for an undisclosed amount.

Elo Touch makes interactive touchscreen-enabled products for various commercial end markets, including restaurants, retail, industrial, healthcare and banking.

The deal is expected to be completed during the fourth quarter.

Gores acquired Elo Touch in a deal completed in June 2012.

Moelis & Co. LLC was the sole financial adviser to Elo Touch and Gores on the deal. Weil Gotshal & Manges LLP and Gibson Dunn & Crutcher LLP were legal advisers to Gores and Crestview, respectively.