Beverly Hills private equity firm The Gores Group completed the sale of Elo Touch Solutions, the original inventor of the touchscreen, to funds managed by New York City-based Crestview Partners.

Financial terms of the transaction were not disclosed.

Crestview Partners is a private equity firm focused on companies in four sectors: financial services, media and cable, healthcare and energy.

Elo, which is headquartered in Milpitas, Calif., is an established provider of touch computing products, which today includes point of sale terminals and interactive kiosks.

The Gores Group acquired Elo from Swiss-based TE Connectivity in June 2012.

“Elo’s transformation during our ownership is a testament to our strong partnership with the company’s management team and our shared commitment to operational excellence and innovation,” said Alec Gores, chairman and CEO of The Gores Group.

Moelis & Company acted as the sole financial advisor to Elo and Gores in this transaction. Weil, Gotshal & Manges served as Gores’ legal counsel. Gibson, Dunn & Crutcher served as Crestview’s legal counsel.

Finance reporter Pat Maio can be reached at [email protected] or (323) 556-8329.