Teamvantage, Custom Mold & Design and Paradigme Engineering Acquired by Graham Partners, Inc.
Holding company, New Teams, will continue to provide its services and lead the charge of its day-to-day operations, while Graham Partners provide operational resources and financial backing.
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It was announced on Nov. 2 that Minnesota-based New Team LLC, the holding company of Teamvantage, Custom Mold & Design (CMD) and Paradigme Engineering, have been acquired by private investment firm Graham Partners, Inc. (Newton Square, Penn., U.S.).
According to New Team, the company will continue to provide its service brand, supported by the latest advancements in technology and equipment, and its existing management teams will continue to lead the charge for all day-to-day operations. Graham Partners will provide operational resources and financial backing to foster the company’s strong growth trajectory as New Team continues to build the business into a premier, vertically integrated manufacturing solution.
“Graham is the perfect strategic fit for New Team due to their network of industry relationships, operational expertise and track record of healthcare and defense investing,” says Teamvantage, Custom Mold & Design and Paradigme Engineering owner Ray Newkirk. “I'm excited to work alongside Graham Partners while continuing to hold an ownership stake in the company.”
A brief overview of New Team’s three companies is as follows:
Teamvantage is a full-service contract manufacturer offering expertise in plastic injection molding, micro-molding, silicone molding, machining (metals, plastics, etc.), mold design and fabrication, assembly, testing, decorating, packaging and more. Serving primarily medical device and defense industry customers, the company is ISO 9001:2015-, ISO 13485:2016- and AS9100D-certified, registered with the FDA and ITAR.
Custom Mold & Design manufactures and designs fully interchangeable, high-precision injection molds including multi-cavity, multi-shot, metal injection, silicone, micro and ceramic molds, as well as aluminum die casting molds for a wide range of industries. The company’s CMD – Precision Manufacturing Group division provides ultra-precision machined components and assemblies requiring fine detail. Custom Mold & Design (CMD) is ISO 9001:2015- and AS9100D-certified, a ToolingDocs certified mold maintenance provider and ITAR registered.
Paradigme Engineering is a premier mold design and fabrication facility that prides itself on providing creative tooling solutions at the lowest total cost. The company’s blend of imaginative engineering and precision fabrication has routinely resulted in the development of some of what the company says are ingenious answers to complex manufacturing challenges for a host of different customers spanning numerous industries.
According to New Teams, Graham Partners will be a good fit. Investing in technology-driven companies that are spurring innovation in advanced manufacturing, with a particular focus on businesses in the healthcare, aerospace and defense, packaging, consumer and food technology, and industrial technology sectors, Graham Partners has a longstanding history of investing in plastic processing and metal machining businesses with differentiated and proprietary capabilities like Teamvantage, Custom Mold & Design and Paradigme Engineering.
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