Perimeter Solutions announced an agreement to acquire Medical Manufacturing Technologies LLC (MMT) for approximately $685 million in cash.
MMT is a leading provider of machinery and aftermarket consumables for minimally invasive medical devices, generating most of its revenue from proprietary products.
The acquisition is expected to enhance Perimeter Solutions' operating strategy and strengthen its position in the medical manufacturing sector.
Acquisition Details
Perimeter Solutions is acquiring MMT for $685 million in cash from Arcline Investment Management.
Expected Financials
MMT is forecasted to generate $140 million in revenue and $50 million in Adjusted EBITDA in 2025.
Funding Strategy
Perimeter Solutions plans to fund the acquisition with $500 million of new debt financing and $185 million in cash.
Operational Integration
MMT is expected to fit seamlessly into Perimeter Solutions' decentralized operating structure.
Closing Timeline
The acquisition is set to close in the first quarter of 2026, subject to regulatory approvals.
- The acquisition of MMT aligns with Perimeter Solutions' focus on businesses with strong cash flow and high returns on capital.
- It is expected to diversify Perimeter Solutions' revenue streams and strengthen its presence in the minimally invasive medical device market.
The acquisition of MMT marks a strategic move for Perimeter Solutions to expand its presence in the medical manufacturing industry and enhance its product offerings and revenue streams.