M&A Deal Summary

Team Technologies Acquires iiMED Medical Solutions

On January 12, 2022, Team Technologies acquired medical products company iiMED Medical Solutions from ACON Investments

Acquisition Highlights
  • This is Team Technologies’ 4th transaction in the Medical Products sector.
  • This is Team Technologies’ 6th transaction in the United States.
  • This is Team Technologies’ 1st transaction in New York.

M&A Deal Summary

Date 2022-01-12
Target iiMED Medical Solutions
Sector Medical Products
Buyer(s) Team Technologies
Sellers(s) ACON Investments
Deal Type Add-on Acquisition

Target

iiMED Medical Solutions

Amherst, New York, United States
website
iiMED Medical Solutions is a developer and manufacturer of value-added consumable solutions for industrial and medical applications. iiMED offers "nearshore" outsource manufacturing services for Class I and II medical device consumables such as orthopedic bracing, sterile supplies, compression devices, and patient mobility products. iiMED Medical Solutions is based in Amherst, New York.

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Buyer(S) 1

Buyer

Team Technologies

Morristown, Tennessee, United States

website


Category Company
Founded 1988
Sector Manufacturing
DESCRIPTION

Team Technologies is a provider of manufacturing solutions provider for medical and dental products. From conceptualization to completion, TEAM Technologies offers the technology and solutions for every stage of the development and manufacturing processes all under ISO 13485 and FDA-regulated guidelines. Team Technologies was founded in 1988 and is based in Morristown, Tennessee.


DEAL STATS #
Overall 6 of 6
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (New York) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Precision Die Cutting

Chino, California, United States

Precision Die Cutting is partners with OEM companies in providing medical disposables, skin-touching technologies, diagnostic, and other healthcare verticals. PDC has been helping its customers create unique, functional, cost-effective components, beginning with extensive material knowledge, DFM approach, rapid prototyping through initial product launch and into high volume production and packaging. Precision Die Cutting is based in Chino, California.

Buy -

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 24 of 26
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 13 of 15
State (New York) 2 of 2
Country (United States) 17 of 17
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 RMH Franchise

Atlanta, Georgia, United States

RMH Franchise is a multi-brand restaurant company focused on operational excellence and thriving team culture. RMH Franchise operates over 130 restaurants across 14 states with a dynamic and dedicated team working in the front of the house, the back of the house, as trainers and managers, multi-unit operators, and in support centers. RMH Franchise was founded in 2012 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Sapore

Campinas , Brazil

Sapore is a provider of corporate foodservice business serving blue-chip clients and operating more than 1,100 facilities throughout the country. Sapore was founded in 1992 and is based in Campinas, Brazil.

Buy -