Gainline Capital Partners announced that its portfolio company M&M International has acquired KC Tech. Financial terms of the transaction were not disclosed.
M&M International is a manufacturer of precision-engineered stainless-steel tubing primarily serving the medical device market.
KC Tech is also a manufacturer focused on the medical device market and has been a strategic partner to M&M.
The acquisition will expand M&M’s manufacturing capabilities and broaden its product portfolio.
KC Tech adds a complementary line of larger-diameter tubing, strengthening M&M’s ability to provide specialized tubing solutions for medical device customers.
M&M and KC Tech have worked together for more than a decade, giving M&M familiarity with KC Tech’s manufacturing processes, management team, and employees.
KC Tech’s team will become part of M&M following the acquisition.
The transaction is part of M&M’s multi-year strategy to grow organically and through acquisitions.
Founded 33 years ago, M&M produces 304, 316-grade, and 17-7 stainless steel small-diameter tubing for medical devices and other high-precision applications.
Gainline acquired M&M in July 2024 and hired an experienced U.S.-based management team to support the company’s next phase of growth.
M&M is headquartered in Edison, New Jersey, and operates manufacturing facilities in South Korea.
The company serves a global customer base with precision small-diameter metal alloy tubing for demanding medical and high-tech applications.
Gainline Capital Partners is a private equity firm investing in U.S.-based middle-market companies, with a focus on established growth-oriented businesses and first institutional capital partnerships.
KEY QUOTES:
“This acquisition will increase our ability to provide high-quality, specialized solutions to meet our customers’ evolving needs. Having worked with the KC Tech team for over a decade, we are confident not only in the quality of their manufacturing processes, but also in the talent of their management and employees, who will become part of M&M.”
Jeff Robertson, CEO of M&M International
“KC Tech has been a family business for over twenty years, and joining M&M marks an exciting new chapter for all of us. We share a commitment to innovation and customer service, and together we’ll deliver even greater value to the medical device supply chain.”
Terry Park, CEO of KC Tech
“Our plan from the outset was to drive both organic growth and pursue strategic add-ons to scale the business. The acquisition of KC Tech is an exciting next step in M&M’s growth.”
Rob Dellinger, Partner at Gainline Capital Partners
