Arcline to Sell Medical Manufacturing Technologies to Perimeter Solutions for $685 Million

Core Viewpoint - Arcline Investment Management has agreed to sell its portfolio company Medical Manufacturing Technologies to Perimeter Solutions for $685 million, marking a significant transaction in the medical device manufacturing sector [1][4]. Company Overview - Medical Manufacturing Technologies (MMT), based in Charlotte, North Carolina, is a leading global provider of medical device manufacturing solutions, serving over 1,000 customers, including major medical technology OEMs and CDMOs [2]. - MMT specializes in the production of complex interventional medical devices such as catheters, guidewires, stents, and microcoils, operating with over 350 employees across 14 production facilities [2]. Investment Strategy - Since acquiring MMT in 2020, Arcline has implemented a disciplined strategy to enhance the company's capabilities, resulting in significant revenue and EBITDA growth, alongside 13 targeted acquisitions that expanded MMT's offerings in automation and specialty manufacturing [3]. - The strategy focused on building a scaled provider of mission-critical manufacturing technologies for medical device OEMs and CDMOs [3]. Transaction Details - The transaction is anticipated to close in the first quarter of 2026, pending regulatory approvals and customary closing conditions [4]. - Financial advisors for the transaction include William Blair and Houlihan Lokey, while legal advisors are Kirkland & Ellis LLP and Fredrikson & Byron P.A. [4].