Franklin Partners advises Top Tool Company in Sale to Cirtec Medical
Top Tool Company, a manufacturer of complex, small precision stamped components for the medical products industry, has been acquired by Cirtec Medical LLC, a leading provider of design and contract manufacturing services for complex medical devices including active implants and minimally invasive surgical devices.
Founded in 1966, Top Tool Company has built a strong reputation for exceptional quality, innovation, and reliability by producing high-end stamping solutions. From initial consultation and design to long-term development and full-scale production, Top Tool has provided expertise in material selection, tooling and design, and manufacturing.
“We are thrilled to be joining the Cirtec Medical team,” said Al and Elizabeth Abraham, former owners of Top Tool. “Over the past 30 years, we have consistently developed our capabilities to meet our customers’ complex demands. This acquisition will further expand our offerings and capabilities to our customers, and provide more opportunities to our employees as well.”
Franklin Partners initiated and negotiated the sale on behalf of the owners of Top Tool Company. Franklin Partners has successfully completed numerous transactions for providers of design and manufacturing services to the medical products industry including manufacturers of guide wires, catheters, electronic connectors, and other components.