Houlihan Lokey Advises Medical Manufacturing Technologies

Houlihan Lokey is pleased to announce that Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management (Arcline), has been acquired by Perimeter Solutions, Inc. (NYSE:PRM) (Perimeter) for $685 million. The transaction closed on January 22, 2026.

Based in Charlotte, North Carolina, MMT is a leading global provider of medical device manufacturing solutions, serving as a single-resource partner for automated, process-driven medical manufacturing. The company supports more than 1,000 customers—including many of the world’s leading medical technology OEMs and CDMOs—in the production of complex interventional medical devices such as catheters, guidewires, stents, microcoils, and related components. With over 350 employees and 14 production facilities, MMT is a critical partner to customers operating in precision-dependent and highly regulated environments.

Since acquiring MMT in 2020, Arcline has executed a disciplined strategy to build a scaled provider of mission-critical manufacturing technologies for medical device OEMs and CDMOs. The firm significantly grew the company’s revenue and EBITDA and completed 13 targeted acquisitions that broadened MMT’s capabilities, including automation solutions and specialty manufacturing services that simplify and optimize complex production processes. Arcline thanks Chief Executive Officer Robbie Atkinson and the entire MMT team for their partnership.

Perimeter is a leading global solutions provider for the fire safety and specialty products industries. The company’s business is organized and managed in two reporting segments: Fire Safety and Specialty Products.

This transaction further strengthens and highlights Houlihan Lokey’s continued leadership in the medical device outsourcing industry. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2025, the group closed 45 transactions and was ranked by LSEG as the No. 1 M&A advisor for all global healthcare transactions.*

Houlihan Lokey served as financial advisor to MMT.

*Excludes accounting firms and brokers.

RELATED: Medical Technology, Financial Sponsors Coverage, Mergers & Acquisitions