or Sign Up

Already registered? Login

Press Release: Team Manufacturing Acquired by Strategic Buyer

Charlotte, NC -Brothers Don and Dean Albright are part of a new “team” now. East West Manufacturing, LLC ("East West"), an Atlanta-based global contract manufacturer, acquired Team Manufacturing, Inc. ("Team"), an electronics manufacturer out of Raleigh, North Carolina in a transaction completed in September. Business Acquisition and Merger Associates ("BAMA") supported Team in a nationwide search for the right acquirer. The union of the two companies creates a global solutions provider with proven domestic manufacturing capabilities, a strong customer base and exciting growth potential.

“We found the perfect partner with Team to expand our manufacturing presence into the US,” shared Scott Ellyson, Co-Founder and CEO of East West Manufacturing. “Team has a great reputation for serving its customers. This acquisition allows us to offer our customers domestic, higher mix, lower volume, quick turn electronic manufacturing services. Best of all, our collective design, manufacturing and supply chain capabilities will enable us to provide even higher levels of service and support to customers on a global basis.”

“The acquisition of Team provides East West with the ability to marry its high-volume international design, manufacturing and distribution capabilities with a well-respected, domestic manufacturer to address the full spectrum of customer needs. We expect the East West-Team combination to gain significant market share through these expanded capabilities,” stated Alex Mammen, Heritage Growth Partners Founder and board member at East West Manufacturing.

Don Albright, Founder and CEO of Team said, “My brother, Dean, the leadership team, all the associates here at Team, and I, are thrilled to join the East West family. Our capabilities, culture and customer-first focus align perfectly. We are going to do great things together!”

BAMA acted as an advisor to Team in the transaction. Financial terms will not be disclosed.

Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.

East West Manufacturing, LLC is a leading Atlanta-based design services and global contract manufacturing partner for original equipment manufacturers and distributors throughout the United States and Europe. With operations in Vietnam, China and India, the Company utilizes transparent supply chain, on-site quality control and logistics systems to provide its customers with superior products and competitive cost advantages. Founded in 2001, East West’s U.S.-based management combined with its international capabilities reduce the risks and complexities of global manufacturing for its customers.

Founded in 2002, Team Manufacturing, Inc. provides a wide variety of manufacturing, assembly, testing and rework services related to wire and cable interconnects and harnesses, electromechanical assemblies, PCBA's, box builds and product integration. Team is an ISO 9001:2015 Certified EMS provider based in Youngsville, NC.

Heritage Growth Partners LLC is an Atlanta-based private, family investment office focused on serving owner-managers and their companies to accelerate growth and create long-term value. Heritage takes a collaborative approach to investing, with the goal of building true partnerships with management that are enhanced by its patient and flexible family capital and its ongoing strategic, financial and operational support.