TEAM Technologies: Clearlake Capital Completes Sale to Arlington Capital Partners
Deal News | Nov 25, 2024 | Clearlake Capital
Clearlake Capital Group, L.P. announced its successful sale of TEAM Technologies to an affiliate of Arlington Capital Partners. During Clearlake's ownership, TEAM Technologies transformed into a specialized manufacturing and supply chain solutions provider with a focus on healthcare, significantly increasing its revenue. The transformation was achieved through the firm's O.P.S. framework, collaboration with TEAM's management, and a strategic M&A strategy involving three notable acquisitions. TEAM Technologies now operates 15 facilities across North America, offering advanced solutions in several healthcare markets. This sale marks the continuation of TEAM Technologies' journey under Arlington's ownership. R.W. Baird and Harris Williams acted as financial advisors for TEAM Technologies and Arlington, respectively, with Kirkland & Ellis LLP, Massumi + Consoli LLP, and Goodwin Procter LLP providing legal counsel.
Sectors
- Private Equity
- Healthcare Manufacturing
- Mergers and Acquisitions
Geography
- United States – Clearlake Capital is headquartered in Santa Monica, CA and TEAM Technologies operates primarily across North America, headquartered in Morristown, TN.
Industry
- Private Equity – The article discusses Clearlake Capital's sale of TEAM Technologies and its transformation under private equity ownership.
- Healthcare Manufacturing – TEAM Technologies has been transformed into a healthcare-focused specialized manufacturing and supply chain solutions provider.
- Mergers and Acquisitions – The article centers around the sale transaction of TEAM Technologies and the strategic acquisition activities during its ownership by Clearlake.
Financials
- Undisclosed – The terms of the transaction between Clearlake Capital and Arlington Capital Partners for the sale of TEAM Technologies were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clearlake Capital Group, L.P. | Selling Company | Company | A private equity firm focusing on investments in various sectors including technology and healthcare, known for its operational improvement strategies. |
| TEAM Technologies, Inc. | Target Company | Company | A provider of specialized manufacturing and supply chain solutions for the healthcare sector, operating 15 facilities in North America. |
| Arlington Capital Partners | Bidding Company | Company | A private equity firm acquiring TEAM Technologies to continue its growth and specialization in healthcare manufacturing. |
| R.W. Baird | Financial Advisor | Company | Provided financial advisory services to TEAM Technologies during the sale process. |
| Harris Williams | Financial Advisor | Company | Served as financial advisor to Arlington Capital Partners in the acquisition of TEAM Technologies. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal counsel to TEAM Technologies and Clearlake Capital. |
| Massumi + Consoli LLP | Legal Advisor | Company | Provided legal counsel alongside Kirkland & Ellis LLP to TEAM Technologies and Clearlake Capital. |
| Goodwin Procter LLP | Legal Advisor | Company | Served as legal advisor to Arlington Capital Partners. |