Rockwood Equity Partners has announced it completed a management buyout of SYNEO.

SYNEO, headquartered in West Palm Beach, Fla., is a provider of manufacturing equipment, cutting tools and services for the medical device and electronics manufacturing industries. The company’s primary solutions serve catheter, guidewire and minimally invasive medical device applications.

Rockwood, headquartered in Cleveland, is a lower-middle-market private investment firm. The firm targets companies in healthcare and a few other sectors with $10 million to $75 million in revenue and $2 million to $7 million of EBITDA.