Private equity player Genstar Capital is reportedly shopping Tecomet to potential buyers for more than $1 billion. Genstar tapped investment bank William Blair & Co. to auction Tecomet, according to Reuters, which cited “people familiar with the matter.” Genstar, Tecomet and William Blair declined to comment. Wilmington, Mass.-based Tecomet, founded in 1963, is a contract manufacturer […]
Genstar Capital said it bought out Tecomet, a medical device OEM, for an undisclosed amount.
Genstar Capital is a private equity firm, focused on investments in technology, healthcare, and finance industries.
Wilmington, Mass.-based Tecomet makes orthopedic implants, precision surgical instruments and photochemical etched products for medical device customers. The company has been around since the 1960s and was recently a Charlesbank Capital Partners company. Genstar plans on leaving management in place, according to a press release.