TEAM Technologies (Clearlake-backed) Acquires iiMED Medical Solutions from ACON Investments

Arlington Capital Partners Acquires TEAM Technologies

November 26, 2024

Medical Devices

Arlington Capital Partners has acquired TEAM Technologies, a Morristown, Tennessee–headquartered medical device manufacturer and strategic supply‑chain solutions provider, from Clearlake Capital Group for an undisclosed sum. Arlington plans to build on TEAM Tech’s vertically integrated manufacturing footprint and accelerate growth through organic investment and strategic add‑on M&A to strengthen healthcare supply chains and customer capabilities.

TEAM Technologies Acquires Baril Corporation

August 25, 2020

Medical Devices

TEAM Technologies, a Clearlake-backed North American healthcare specialty manufacturer, acquired Baril Corporation, a Haverhill, Massachusetts-based contract manufacturer of disposable single-use medical products. The add-on expands TEAM's capabilities in die-cutting, laminating, device assembly and infection prevention/wound care manufacturing; financial terms were not disclosed and financing was provided by credit funds managed by affiliates of Ares Management with co-lender Northwest Mutual Capital.

Marketlab Acquires Assets of Medi‑Tech International Corporation

September 12, 2023

Medical Devices

Marketlab, a family-owned manufacturer of specialty healthcare products based in Caledonia, Michigan, has acquired the assets of Medi‑Tech International Corporation, a Brooklyn, New York‑based manufacturer of wound care, labor‑and‑delivery, and patient safety products. The acquisition expands Marketlab’s medical‑surgical and laboratory product portfolio and brings additional products, distribution partnerships, and GPO contracts into its offering to better serve IDNs and other healthcare customers.

Clearlake Capital Completes Majority Investment in ModMed

March 3, 2025

Cloud & SaaS

Clearlake Capital has made a significant majority growth investment in ModMed (Modernizing Medicine), acquiring the company from Warburg Pincus and other prior investors; financial terms were not disclosed. ModMed is a specialty-specific, AI-enabled healthcare SaaS platform offering EHR, practice management, revenue cycle management, patient engagement and payments; Clearlake says the capital will accelerate growth and the company's AI roadmap.

ICS (ClearLight-backed) Acquires TechMD

October 18, 2022

IT Services

ICS, a ClearLight Partners-backed IT managed services provider, has acquired TechMD, a managed IT services firm headquartered in Orange County, California. The acquisition expands ICS's Southern California footprint and augments its managed IT, cybersecurity and cloud capabilities for small-to-medium sized businesses; TechMD's leadership will continue to run the regional business.

TEAM Technologies Acquires ViruDefense

March 19, 2021

Medical Devices

TEAM Technologies, a Clearlake-backed healthcare specialty manufacturer, acquired ViruDefense, a Burlington, MA-based maker of domestically produced N95 respirators. The add-on expands TEAM's infection prevention and control portfolio and brings additional domestic N95 manufacturing capacity and a CDC-certified product into TEAM's platform.