Deal Details

TEAM Is Acquired by Arlington

Healthcare

TEAM, a portfolio company of Clearlake, sale to Arlington

Summary

TEAM Technologies, Inc. (“TEAM Technologies," “TEAM” or the “Company”), a portfolio company of Clearlake Capital Group, L.P. (“Clearlake”), has been acquired by Arlington Capital Partners (“Arlington”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to TEAM Technologies on this transaction.

About

With 15 facilities throughout North America, TEAM Technologies is a growth-oriented provider of non-discretionary, consumable healthcare products. With its 'ONE TEAM, MANY TECHNOLOGIES' philosophy, the Company boasts an extensive lineup of advanced manufacturing solutions servicing diverse end-markets including diagnostics, drug delivery, infection control, oral care, patient monitoring and wound care. With an entrepreneurial mindset and a management team with deep industry experience, TEAM Technologies leverages seamless, turnkey processes and innovation to be the partner of choice for its customer partners. TEAM is headquartered in Morristown, Tennessee.

Founded in 2006, Clearlake is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials and consumer. Clearlake currently has over $85 billion of assets under management and its senior investment principals have led or co-led over 400 investments. With affiliates in Dallas, Texas, London, UK, Dublin, Ireland, Singapore and Abu Dhabi, UAE, Clearlake is headquartered in Santa Monica, California.

Arlington is a Washington, D.C.-area private investment firm specializing in government-regulated industries. The firm partners with founders and management teams to build strategically important businesses in the healthcare, government services & technology and aerospace & defense sectors. Since its inception in 1999, Arlington has invested in over 175 companies and is currently investing out of its $3.8 billion Fund VI. Arlington is headquartered in Bethesda, Maryland.

Healthcare

TEAM, a portfolio company of Clearlake, sale to Arlington