Perimeter Solutions Inc. is making a bold leap into the medical technology arena, announcing late Wednesday that it will acquire Medical Manufacturing Technologies LLC (MMT) from Arcline Investment Management in a deal valued at $685 million in cash, including tax-related benefits. The agreement marks a decisive expansion for a company better known for fire safety and specialty chemicals.
A Deal Designed for Momentum
Perimeter said the transaction is expected to close in the first quarter of 2026, pending regulatory clearance. The company is leaning on advisors Nixon Peabody and Greenberg Traurig as it enters what analysts describe as one of its most strategic acquisitions yet.
Arcline—a private equity firm known for backing high-growth industrial technology businesses—issued its own announcement Thursday, naming Kirkland & Ellis LLP and Fredrikson & Byron PA as its legal counsel.
MMT: A Quiet Powerhouse in Medical Manufacturing
MMT supplies highly engineered machines, aftermarket consumables, parts, and critical services used by medical device manufacturers worldwide. The company is forecasted to bring in approximately $140 million in revenue in 2025, cementing its status as an essential supplier in a sector where precision and reliability are non-negotiable.
Perimeter said acquiring MMT enhances its strategy of owning “secularly growing, high-margin aftermarket categories,” a portfolio approach that mirrors the steady heartbeat of long-term industrial value.
