Private equity firm Arcline Investment Management has begun a deal to sell its portfolio company Medical Manufacturing Technologies (MMT) to Perimeter Solutions for $685 million.

MMT provides medical device manufacturing solutions and serves as a single-resource partner for automated, process-driven medical manufacturing. The company supports many of the leading medical technology OEMs and CDMOs with production of complex interventional devices like catheters, guidewires, stents, microcoils, and related components.

Charlotte, N.C.-based MMT boasts over 350 employees and 14 production facilities to be acquired.

Perimeter Solutions is a global solutions provider for the fire safety and specialty products industries—the specialty products segment also includes Intelligent Manufacturing Solutions (IMS), a manufacturer of electronic or electro-mechanical components of larger solutions.

“MMT is an excellent fit with our operating strategy,” said Perimeter Solutions CEO Haitham Khouri. “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.”

Since acquiring MMT in 2020, Arcline executed its strategy to build a scaled provider of medical manufacturing technologies. The firm grew the company’s revenue and EDITDA and completed 13 acquisition deals including automation solutions and specialty manufacturing services.

The company is anticipated to generate about $140 million of revenue and $50 million of adjusted EBITDA on a full-year basis in 2025. “Arcline thanks chief executive officer Robbie Atkinson and the entire MMT team for their partnership,” the company said in a press release.

The transaction is expected to close in the first quarter of 2026.