Core Insights - Perimeter Solutions, Inc. (PRM) has announced a definitive agreement to acquire Medical Manufacturing Technologies LLC (MMT) for approximately $685 million in an all-cash deal, expected to close by the first quarter of 2026 [1][7] - The acquisition aligns with PRM's strategy of focusing on businesses in secular growth markets, with MMT projected to generate around $140 million in revenues and $50 million in adjusted EBITDA for 2025 [2][3] Financial Details - The transaction will be funded through $500 million in new secured debt financing and $185 million in cash on hand, with an expected net leverage ratio of about 2.7x net debt to combined adjusted EBITDA for the last 12 months ending September 30, 2025 [1][3][7] - MMT has a strong history of organic and M&A driven growth, with about half of its revenues derived from aftermarket consumables [2] Market Performance - PRM's shares have increased by 124.5% over the past year, significantly outperforming the industry, which has seen an 8.5% decline [4] - PRM currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence in the company's future performance [5]

Core Insights - Mr. Brown has established a notable career in leading complex manufacturing and supply chain organizations [1] Company and Industry Summary - The focus is on Mr. Brown's leadership experience, which is relevant to the manufacturing and supply chain sectors [1]