Precision machining company EPTAM has acquired most of the assets of Relius Medical, a Colorado-based provider of complex metal machining solutions to the medtech market. The announcement was made today by EPTAM’s parent company, Boston-based private-equity firm New Heritage Capital,
The acquisition will broaden EPTAM’s core capabilities, enabling the company to better serve its customers with a one-stop-shop solution for precision components, according to New Heritage. The combined company is being re-branded as EPTAM Precision.
Relius’ expertise in medical implants and external fixation clamps has yielded multi-decade relationships with some of the world’s leading medical device companies. Relius operates out of a state of the art 70,000 sq. ft., FDA-registered, ISO 13485 facility in Colorado Springs.
“Introduced to us by a common customer, Relius is the perfect strategic addition to the EPTAM family, allowing EPTAM to offer customers a one-stop-shop for precision manufacturing solutions in both plastics and metals. We are excited to be partnering with Relius and their team,” said EPTAM CEO Dana Waterman, in a prepared statement.
Founded in 1981, EPTAM is located in Northfield, N.H.