A California-based medical technology company backed by private equity has acquired Connecticut-based medical devices manufacturer Hobson & Motzer Inc., the companies announced Tuesday.
Vantedge Medical, an affiliate of private equity firm Aterian Investment Partners, has purchased Durham-based Hobson & Motzer, which was founded in 1912 and makes precision medical devices for the global surgical stapler market.
Hobson & Motzer’s core capabilities include CNC machining, stamping, tooling and other finishing and assembly services.
Financial terms of the deal were not disclosed. This is the fifth medical technology add-on acquisition for Vantedge since 2018, the company said.
Vantedge now operates nine facilities across the United States with more than 1,200 employees.
Aterian Investment Partners is a private equity firm based in New York and Miami that invests in middle market businesses. Aterian said it has raised cumulative equity commitments of more than $2 billion since its founding in 2009.
