TEAM Technologies announced on July 7 its acquisition of Duke Empirical, Inc. TEAM Technologies is a portfolio company of Arlington Capital Partners, a Washington, D.C.-area private investment firm specializing in government-regulated industries.
Based in Morgan Hill, California, Duke Empirical is a designer, developer and manufacturer of advanced medical devices for interventional cardiovascular applications. Duke specializes in catheters and minimally invasive delivery systems.
Headquartered in Knoxville, Tennessee, with facilities throughout the United States, Mexico and Singapore, TEAM Technologies is a specialized end-to-end outsourced manufacturer of mission-critical, single-use medical devices.
Houlihan Lokey served as financial advisor and Goodwin Procter LLP served as legal advisor to TEAM Technologies and Arlington Capital Partners. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this marks the 49th Medical Device transaction of 2025, as well as the fourth announced during the second half of the year. There were 87 Medical Device deals announced during 2024, 112 announced in 2023 and 124 announced during 2022.
