Los Angeles, CA – October 13, 2022 – Vance Street Capital LLC (“Vance Street”), a Los Angeles-based private equity firm, today announced the acquisition of Mountain Manufacturing Technologies (MMT) to complement Wytech Industries as a strategic wire and metal tube supplier in the interventional and advanced surgical markets.
“As we searched for partners that could complement Wytech’s position of high volume dead straight mandrels to the interventional market, we became very excited as learned the depth of Mountain Manufacturing’s mandrel expertise. From every aspect, Mountain’s position as a specialty mandrel supplier for large diameter, hollow core, grooved mandrels, and specialty metals is a perfect fit to Wytech’s scale and volume,” said Mike Janish, Managing Partner at Vance Street.
“For nearly 30 years we have grown as a medical device supplier through our expertise in advanced precision machining and taking on difficult development projects, whether that was custom tooling or custom components. Finding an investment partner that shared our vision for growth, passion for innovation, and employee values was very important to me. Extrapolating our last few years of growth into the future, we are happy to have Vance Street’s support for these reasons as we plan out our additional capital and potential facility expansion,” said Tom Berg, Founder at Mountain Medical Technologies.
“As Wytech continues to grow our customers based in Structural Heart and Electrophysiology markets, the requests for specialized mandrels, made from harden tool steel, thick wall tubing, and large diameter rod with custom features has grown considerably. With the Mountain organization, we can now support mandrels of all sizes, shapes, and materials which will be very welcomed by Wytech’s customers. We are also excited to leverage Mountain’s vast experience for making precision tooling that improves the productivity of heat setting and electropolishing implants and medical instruments,” said Dave Ohmann, CEO at Wytech.
About Mountain Manufacturing Technologies (MMT)
Founded in 1988 by Tom Berg, MMT is a leading research & development-driven contract manufacturer with a full range of machining and fabricating capabilities for enhanced product design, prototyping, component manufacturing, and volume production. MMT’s customers range from leading Tier 1 customers to start ups designing the most complex access, delivery and closure systems used with complex medical devices. Located in Lino Lakes, MN; MMT is ISO 13485:2016 certified and an FDA Registered Manufacturing Facility. For more information, please visit http://www.mountainmfg.net
About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, aerospace, defense, and industrial sectors. For over two decades, Vance Street’s partners have worked with management teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information please visit: http://www.vancestreetcapital.com
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