TEAM Technologies has announced the acquisition of TAG3 Engineering LLC. TAG3 brings expanded U.S.-based front-end innovation capabilities to TEAM Tech’s portfolio of specialty manufacturing solutions for the medical device industry.
TAG3 Engineering is a full-service MedTech design, development and manufacturing partner, dedicated to driving innovation in the development of medical devices. TAG3 Engineering partners with inventors, start-ups and medical device companies to accelerate the design and development of their medical devices. TAG3 is ISO 13485-certified and operates a fully equipped 16,000-square-foot facility for design, development and manufacturing in Sunrise, Florida.
Headquartered in Knoxville, Tennessee, with facilities throughout the United States and international facilities in Mexico and Singapore, TEAM Technologies is a specialized end-to-end outsourced manufacturer of mission-critical medical devices. The company has an extensive array of advanced and vertically integrated manufacturing solutions servicing top medical device and pharmaceutical original equipment manufacturers.
Solomon Partners served as financial advisor and Bonifacio Consulting Services served as operational advisor to TEAM Technologies. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 59th Life Sciences R&D acquisition of the year, and the 32nd in the contract development and manufacturing organization (CDMO) specialty. There were 29 CDMO acquisition announcements in 2024, and 21 in 2023.
