Clearlake Capital-Backed Team Technologies Acquires Iimed, A Nearshore Specialty Manufacturer Of Fda Class I & Ii Consumable Medical Devices
Clearlake Capital-Backed Team Technologies Acquires Iimed, A Nearshore Specialty Manufacturer Of Fda Class I & Ii Consumable Medical Devices
01/12/22, 12:05 PM
Industry
health care
manufacturing
health care
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.
Company Info
Company info
Headquartered in Morristown, TN with 14 facilities throughout the United States, TEAM Technologies is an innovative solutions provider supporting the foremost global healthcare products companies. With its 'ONE TEAM, MANY TECHNOLOGIES' philosophy, TEAM boasts an extensive lineup of manufacturing and design processes tailored to provide advanced solutions in medical, oral & dental care, infection prevention and control, and other healthcare use cases. With an entrepreneurial mindset and a management team with deep industry experience, TEAM Technologies leverages seamless, turnkey processes and innovation to positively impact the success of TEAM's customer partners. For more information, visit teamtech.com.