Houlihan Lokey announced that Samrat Karnik has joined the firm as a Managing Director in the Industrials Group, bolstering the firm's coverage in industrial technologies with a subsector focus on automation and water solutions. He is based in Houlihan Lokey's New York office. Mr. Karnik rejoins Houlihan Lokey from Capstone Partners, where he served as Co-Head and Managing Director of the Industrial Technology Group.

Mr. Karnik is a former Vice President in Houlihan Lokey's industrial technology and general M&A investment banking practice. Between Houlihan Lokey and Capstone, Mr. Karnik was a Vice President at Duff & Phelps Securities, LLC, covering general industrials. He started his investment banking career as an analyst at Berenson Minella.