Secondary Buyout • Manufacturing

Arlington Capital Partners Acquires Team Technologies

On November 25, 2024, private equity firm Arlington Capital Partners acquired manufacturer Team Technologies from Clearlake Capital

Acquisition Context
  • This is Arlington Capital Partners’ 5th transaction in the Manufacturing sector.
  • This is Arlington Capital Partners’ 61st transaction in the United States.
  • This is Arlington Capital Partners’ 2nd transaction in Tennessee.

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M&A Deal Summary

Date November 25, 2024
Target Team Technologies
Sector Manufacturing
Buyer(s) Arlington Capital Partners
Sellers(s) Clearlake Capital
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)
Kirkland & Ellis
Massumi + Consoli (Legal)

Target Company

Team Technologies

Knoxville, Tennessee, United States
Team Technologies is a 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 Knoxville, Tennessee.
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Buyer Overview 1

Buyer

Arlington Capital Partners

Bethesda, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.


Deal Context for Buyer #
Overall 65 of 68
Sector: Manufacturing 5 of 5
Type: Secondary Buyout 17 of 18
State: Tennessee 2 of 2
Country: United States 61 of 64
Year: 2024 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 BlueHalo

Arlington, Virginia, United States

BlueHalo is a provider of advanced engineering solutions for a variety of space superiority, directed energy, missile defense, specialized training and simulation, C4ISR, and analytics programs. BlueHalo was founded in 2019 and is based in Arlington, Virginia.

Sell $4.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 GRVTY

Arlington, Virginia, United States

GRVTY is a defense technology company that provides automated intelligence, surveillance, reconnaissance, and targeting (ISR-T) platforms, software, and data solutions for national security missions. The Company’s offerings support defense, intelligence, and homeland security customers by turning complex data into actionable insights in areas such as cyber, geospatial intelligence, and signals intelligence. GRVTY is based in Arlington, Virginia.

Buy -

Seller Profile 1

SELLER

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


Deal Context for Seller #
Overall 38 of 39
Sector: Manufacturing 1 of 1
Type: Secondary Buyout 11 of 12
State: Tennessee 1 of 1
Country: United States 35 of 36
Year: 2024 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-08 Wheel Pros

Greenwood Village, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 ModMed

Boca Raton, Florida, United States

ModMed is a provider of specialty-specific health information technology. Its flagship product, the EMA, is a cloud-based, specialty-specific EHR system. The company’s suite of products also includes practice management and revenue cycle management solutions as well as telehealth for dermatology and analytics. ModMed was founded in 2009 and is based in Boca Raton, Florida.

Buy -