Northborne Partners

MINNEAPOLIS, MN, January 31, 2022 – Northborne Partners is pleased to announce that it served as the exclusive financial advisor to Metro Mold & Design, LLC (“Metro Mold”) on its sale of MMD Medical LLC (“MMD Medical”) to Teamvantage Molding LLC (“Teamvantage”), a portfolio company of Graham Partners. The transaction closed on December 23, 2021; financial terms were not disclosed.

Founded in 1973, Metro Mold is headquartered in Rogers, MN and was acquired by Greg Heinemann in 2015 from its original owners. MMD Medical, the medical device component manufacturing division of Metro Mold, operates out of a 100,000-square foot facility in Brooklyn Park, MN. MMD Medical's capabilities include injection molding, precision machining and tooling.

“We were very pleased with the transaction outcome and are excited about the future for MMD Medical and for Metro Mold,” said Greg Heinemann, Chairman of Metro Mold. “By refining our respective focus and expertise, both businesses will be optimally-positioned to address the needs of our customers. We look forward to watching MMD Medical’s continued success as part of Teamvantage”.

"The business is highly synergistic to the existing Teamvantage platform, which we expect will create a one-stop-shop with differentiated precision manufacturing capabilities serving a broad customer base of tenured, growing customers," said Graham Partners, which purchased Teamvantage in 2020. Graham doesn't plan to make any leadership or workforce changes at MMD Medical.

"We are looking forward to better serving both Teamvantage's and MMD Medical's customers with access to additional capabilities and capacity to grow," Heinmiller said.

"The MMD Medical acquisition creates the potential for meaningful value creation and I look forward to leading the company as we grow organically and via acquisitions, as we will see considerable growth in capability and capacity as we execute our strategic plan," said David Hemink, Teamvantage's recently-named CEO.

Cozen O'Connor P.C. served as legal counsel to Metro Mold and MMD Medical.

About Northborne Partners

Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the food & consumer, healthcare, and industrials sectors, among others. It focuses on advising private business owners in the sale of their companies and has decades of experience sitting across the table from the most seasoned strategic and private equity buyers in the world. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit www.northborne.com.

About MMD Medical

MMD Medical is an outsourced medical device component manufacturer that specializes in injection molding, precision machining, and tooling for industry-leading medical device OEMs. MMD Medical operates out of a dedicated facility in Brooklyn Park, MN. For more information, please visit www.mmdmedical.com.

About Teamvantage
Teamvantage is an outsourced manufacturer specializing in clean room injection molding, precision machining, and assembly capabilities primarily serving the medical device industry. Teamvantage is headquartered in Forest Lake, MN and has over 45 years of experience. To learn more, visit www.teamvantage.com.