Clearlake Capital-Backed Team Technologies Acquires Iimed, A Nearshore Specialty Manufacturer Of Fda Class I & Ii Consumable Medical Devices
Acquiring Company
TEAM Technologies
Acquired Company
iiMED
MorristownHealth Caremedical devicesManufacturingHealth CareDescription
TEAM Technologies, Inc. ("TEAM" or the "Company"), a growth-oriented North American engineering solutions and specialty manufacturer serving healthcare end markets and backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), announced today that it has acquired iiMED Medical Solutions, L.L.C. ("iiMED") from affiliates of ACON Investments, L.L.C. Financial terms were not disclosed. The transaction represents the eighth transaction completed by TEAM since 2012 and the fourth acquisition since Clearlake invested in TEAM in 2018.
Quick answer
TEAM Technologies is acquiring iiMED, announced January 12, 2022. TEAM Technologies is based in Morristown, Tennessee, United States.
- How much did TEAM Technologies pay for iiMED?
- The deal value was not disclosed.
- What does TEAM Technologies do?
- TEAM Technologies is an innovative solutions provider supporting the foremost global healthcare products companies.
- Where are TEAM Technologies and iiMED based?
- TEAM Technologies is based in Morristown, Tennessee, United States.
- Who are the decision-makers at TEAM Technologies?
- Fundz holds 3 contacts at TEAM Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in medical devices and Health Care
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Cummins To Acquire Meritor (February 22, 2022)
- Riverside Partners' Portfolio Company Syner-G Acquires Impact (February 1, 2022)
- Loftware Acquires Prisym Id, Expands Enterprise Labeling Solutions For Medical Device And Pharmaceutical Companies (January 11, 2022)
- Riverside Partners' Portfolio Company Loftware Acquires Prisym Id (January 11, 2022)
- Advanced Dermatology And Cosmetic Surgery Acquires Fort Mill Dermatology (January 4, 2022)
- Blueprint Medicines Completes Acquisition Of Lengo Therapeutics (December 30, 2021)
Who to call at TEAM Technologies, and when
When TEAM Technologies changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day TEAM Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at TEAM Technologies, from your own LinkedIn network
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Frequently asked
Who acquired iiMED?
iiMED was acquired by TEAM Technologies, based in Morristown. The deal was reported on January 12, 2022. TEAM Technologies is an innovative solutions provider supporting the foremost global healthcare products companies. TEAM Technologies is privately held and operates in Health Care.
When did TEAM Technologies acquire iiMED?
TEAM Technologies's acquisition of iiMED was reported on January 12, 2022. TEAM Technologies, Inc. ("TEAM" or the "Company"), a growth-oriented North American engineering solutions and specialty manufacturer serving healthcare end markets and backed by Clearlake Capital Group, L.P. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does iiMED do?
iiMED is global developer and manufacturer of value-added consumable solutions for industrial and medical applications. It is privately held, operating in Manufacturing.
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