KNOXVILLE, Tenn.--(BUSINESS WIRE)--

TEAM Technologies (“TEAM Tech”), a leading end-to-end outsourced manufacturer of mission-critical medical devices, announces the acquisition of TAG3 Engineering LLC (“TAG3” or the “Company”), a full-service MedTech design, development, and manufacturing firm located in Sunrise, Florida. TAG3 brings expanded U.S.-based front end innovation capabilities to TEAM Tech’s portfolio of specialty manufacturing solutions for the medical device industry.

Offering expertise across every phase of the development of medical devices including front end design, engineering, regulatory, verification and validation (V&V) testing, and manufacturing, TAG3 ensures that devices meet and exceed the stringent industry standards of the medical device industry. “We pride ourselves on our ability to help our customers, from physicians and entrepreneurs to large OEM medical device companies, conceptualize an idea and guide them through the entire process of bringing it to life. We are thrilled to be part of TEAM Tech, an organization that shares our values, commitment to innovation, and excellence in medical technology,” commented Victor Gamez, one of the Founders of TAG3 Engineering.

“TAG3’s medical device development and front-end innovation capabilities dovetail well with TEAM Tech’s existing core capabilities of taking an idea from concept and scaling it to commercialization,” stated Marshall White, President and CEO at TEAM Tech. “With these added capabilities, we are even better positioned to provide exceptional value to healthcare OEMs, and we are thrilled to welcome TAG3 to TEAM Tech,” he added.

Matt Altman, a Managing Partner at Arlington Capital Partners, said, “The acquisition of TAG3 further enhances TEAM Tech’s fast-growing minimally invasive surgical franchise. We are excited to partner with the exceptional TAG3 team to further support our healthcare customers from innovative design all the way through commercial production.”

TAG3’s product and design experience includes the following therapeutic areas:

Cardiovascular

Neurovascular

Structural Heart

Peripheral Vascular

Stroke

Glaucoma

Gastrointestinal

Urological

Compliance at every stage of device development is supported through TAG3’s ISO 13485-certified and FDA 21 Part 820-compliant quality system. The TAG3 GMP-compliant facility features Class 7 and Class 8 Clean Rooms, testing and simulation labs, 3D printing, and electrospinning equipment.

Solomon Partners served as financial advisor to TEAM Tech. Bonifacio Consulting Services (BCS) served as operational advisor to TEAM Tech.

About TEAM Technologies

Headquartered in Knoxville, TN, 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 OEMs. With its deep industry experience and reputation for the highest quality standards, TEAM Technologies leverages seamless, turnkey processes and innovation to drastically simplify its customers’ supply chains. For more information, visit teamtech.com.

About TAG3 Engineering

TAG3 Engineering is a full-service MedTech design, development, and manufacturing partner, dedicated to driving innovation in the development of medical devices. With a focus on excellence and collaboration, TAG3 Engineering partners with inventors, start-ups, and medical device companies to accelerate the design and development of their medical devices. TAG3 can tackle the full spectrum of needs that arise in all phases of the medical device lifecycle—from concept to commercialization. TAG3 is ISO 13485-certified and operates a fully equipped 16,000 sq. ft. facility for design, development and manufacturing in Sunrise, FL. To learn more, visit TAG3Engineering.com.

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Source: TEAM Technologies