Perimeter Solutions, Inc has announced that it has entered into a definitive agreement to acquire Medical Manufacturing Technologies LLC (MMT) from Arcline Investment Management.
This agreement amounts to approximately $685 million in cash, including certain tax benefits.
MMT is a provider of highly engineered machinery and associated aftermarket consumables, parts and services for the manufacturing of minimally invasive medical devices.
Nearly all MMT’s revenue is generated from proprietary products and approximately half of its revenue is derived from the aftermarket.
MMT is expected to generate approximately $140 million of revenue and $50 million of Adjusted EBITDA on a full-year basis in 2025.
Haitham Khouri, Perimeter Solutions’ Chief Executive Officer stated: “MMT is an excellent fit with our operating strategy.
“MMT serves a recurring and growing aftermarket, where it reliably provides highly engineered proprietary parts and consumables that are critical to zero-defect customer workflows and stringent regulatory standards.
“MMT has a strong track-record of organic and M&A driven growth, both of which we expect to continue.”
Khouri continued: “We expect MMT to fit seamlessly into our decentralized operating structure and we believe that the company is a particularly strong fit with our Operational Value Driver focused operating strategy”.
Perimeter expects to fund the acquisition through $500 million of new secured debt financing and $185 million of cash on hand.
Perimeter Solutions’ Chief Financial Officer Kyle Sable said: “MMT matches our focus on businesses in secularly growing markets with strong free cash flow, high returns on tangible capital and durable earnings power.
“As a result of the transaction, we expect to have net leverage profile of approximately 2.7 times net debt to combined Adjusted EBITDA for the last twelve months ended September 30, 2025, which we believe will be well supported by the cash generation capability of our combined business.”
The acquisition is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions. Nixon Peabody and Greenberg Traurig provided legal counsel to Perimeter.
Perimeter Solutions, Inc has announced that it has entered into a definitive agreement to acquire Medical Manufacturing Technologies LLC (MMT) from Arcline Investment Management.
