Charlesbank Capital Partners has bought Tecomet, a producer of medical and aerospace parts, from Genstar Capital. The seller made several add-on acquisitions during Tecomet’s tenure under Genstar.
Tecomet, founded in 1964, manufactures metal materials that are essential to the medical and aerospace and defense industries. The Wilmington, Massachusetts-based target makes orthopedic implants, surgical instruments, and trauma plates for the healthcare customers. Tecomet also manufactures radar and vision systems for the aerospace and defense sector. Since being acquired by Genstar in December 2013, Tecomet has mas made three deals. Those acquisitions include the purchasing of Mountainside Medical and Symmetry Medical.