Perimeter Solutions to acquire MMT for $685M; expects close in Q1 2026

Perimeter Solutions, Inc.

Acquires MMT, a medical device machinery provider, for ~$685M in cash from Arcline Investment Management.
MMT expected 2025 revenue ~$140M and Adjusted EBITDA ~$50M.
Funding: $500M new secured debt + $185M cash on hand; pro forma net leverage ~2.7x LTM EBITDA.
Transaction expected to close in Q1 2026, subject to HSR and customary conditions.
Perimeter CEO cites strong fit with decentralized operating structure and aftermarket growth.

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