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Clearlake Capital-Backed Team Technologies Acquires Iimed, A Nearshore Specialty Manufacturer Of Fda Class I & Ii Consumable Medical Devices

Jan 12, 2022•almost 4 years ago

Acquiring Company

TEAM Technologies

Acquired Company

iiMED

Health CareManufacturingHealth Care

Description

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 Information

Company

TEAM Technologies

About

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed