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Private equity firms Montagu and Kohlberg entered into a definitive agreement to acquire Teleflex Medical OEM from Teleflex Incorporated for $1.5 billion in a carve-out transaction.
For over 40 years, Teleflex Medical OEM has developed and supplied custom-engineered interventional catheter components and sub-assemblies, as well as surgical fibers and sutures. With seven facilities across the U.S., Mexico, and Ireland, the company leverages its complex extrusion expertise, breadth of offering, and vertically integrated operating model to support a customer base of medical device companies worldwide.
Following the close, which is expected in the second half of 2026, the company will operate as an independent, global contract developer and manufacturer positioned to bring solutions to market at pace, with the strategic focus and operational flexibility to scale its model. Greg Stotts, who joined Teleflex in 2006 and currently serves as President and General Manager, will become Chief Executive Officer at that time, bringing over three decades of industry sales, marketing, sales operations, and manufacturing experience to his new role.
Mr. Stotts said: “This is a momentous milestone for our team and our customers, and we are excited to work with the Montagu and Kohlberg team to shape the future of Teleflex Medical OEM. As a focused, independent company backed by experienced healthcare investors, we will accelerate investment in innovation, quality systems and capacity while continuing to deliver the reliability and engineering depth our customers expect.”
Source: Teleflex Medical OEM
