# Altaris Capital combines Minnetronix Medical and Intricon to form Forj Medical

Private equity firm Altaris Capital Partners combined its portfolio companies Minnetronix Medical and Intricon to create Forj Medical, a vertically integrated medical device contract manufacturer. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2025-10-09
- Where: Arden Hills, Minnesota, United States
- Status: completed
- Products: medical device components, precision molding, microelectronics, contract manufacturing services
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Intricon Corp](https://endata.com/companies/20054.md) (target)
- [Altaris Capital Partners](https://endata.com/companies/31301.md) (investor)
- [Minnetronix Medical](https://endata.com/companies/53026.md) (target)
- [Forj Medical](https://endata.com/companies/87708.md) (acquirer)

## Sources

- [startribune.com](https://www.startribune.com/minnesota-medtech-merger-minnetronix-medical-intricon-forj-jeremy-maniak/601488439), 2025-10-09: "Altaris Capital Partners, a New York-based private equity firm, is combining its Minnesota companies Minnetronix Medical and Intricon to create Forj Medical, offering system design, precision molding, microelectronics and advanced manufacturing services."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.