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- Governor Tim Walz announces the Youth Skills Training (YST) grant recipients at Teamvantage
- Teamvantage Chosen as a 2020 Manufacturing Excellence Award Winner from Twin Cities Business
- Teamvantage - Graham Partners Announcement
- Teamvantage Acquires MMD Medical
- Earth Day 2022 at Teamvantage
- Teamvantage 2022 Scholarship Winners
- Teamvantage at MD&M West Anaheim, February 7-9, 2023
- Teamvantage Launches New Parent Company: Velosity
Governor Tim Walz announces the DLI Youth Skills Training (YST) grant recipients at Teamvantage
Teamvantage is honored to have been chosen to host Minnesota Governor Tim Walz and the announcement of the Minnesota Department of Labor and Industry Youth Skills Training (YST) grant recipients.
Teamvantage partners with White Bear Lake and Forest Lake High Schools to offer paid work experience for students 16 and older who have an interest in Engineering and/or Manufacturing.
The grants are part of a Minnesota Department of Labor and Industry program, which was signed into law in 2017, to create and provide employment training for student learners ages 16 and older in high-growth, high-demand occupations.
Additional information on the grant recipients can be found here.
For additional information on the Youth Skills Training program, visit dli.mn.gov/yst
Teamvantage Chosen as a 2020 Manufacturing Excellence Award Winner
Teamvantage is honored to be chosen as a 2020 Manufacturing Excellence Award winner by Twin Cities Business Magazine. We take great pride in the work that we do and our amazing team of employees who support us on a daily basis.
We will also be participating in the magazine's virtual event via Zoom on August 18, 2020, at 12:00 pm CST. Additional information can be found here.
Visit the Twin Cities Business website to read more about us and the other honorees.
Teamvantage, Custom Mold & Design and Paradigme Engineering acquired by Graham Partners, Inc.
FOREST LAKE, November 2, 2020 - We are pleased to announce that Minnesota based New Team LLC, the holding company of Teamvantage, Custom Mold & Design (CMD) and Paradigme Engineering, has joined forces with Graham Partners, Inc.
We are excited to grow our business through this strategic partnership. Going forward, we will continue to provide our brand of best-in-class service supported by the latest advancements in technology and equipment. Our existing management teams will continue to lead the charge for all day-to-day operations just like we have in the past. Graham Partners will provide operational resources and financial backing to foster our strong growth trajectory as we continue to build the business into a premier, vertically integrated manufacturing solution.
Teamvantage, Custom Mold & Design and Paradigme Engineering owner Ray Newkirk, said “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 – I'm excited to work alongside Graham Partners while continuing to hold an ownership stake in the company.”
A brief overview of our three companies is as follows:
Teamvantage (www.teamvantage.com) 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, ITAR registered.
Custom Mold & Design (www.custommold.net) 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 (www.paradigme.net) is a premier mold design and fabrication facility that prides itself on providing creative tooling solutions at the lowest total cost. Our unique blend of imaginative engineering and precision fabrication has routinely resulted in the development of some of the most ingenious answers to complex manufacturing challenges for a host of different customers spanning numerous industries.
Our new parent company, Graham Partners (www.grahampartners.net), is a private investment firm located in suburban Philadelphia. Graham Partners invests in technology-driven companies that are spurring innovation in advanced manufacturing, with a particular focus on businesses in the healthcare, aerospace & defense, packaging, consumer & food technology, and industrial technology sectors. They currently manage ~$3.4B in capital. The firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms and philanthropic entities, which all share in the common legacy of entrepreneur Donald Graham with a heritage that dates back to the 1960s. Additionally, 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.
We look forward to a long and prosperous future as a member of the Graham Partners family of companies.
For additional information contact:
 Differs from Regulatory Assets Under Management.
Teamvantage Acquires MMD Medical
Integrated, experienced contract manufacturing solutions deliver faster time to market, reduce risk for medical device customers
FOREST LAKE, MINN. (March 15, 2022) – Teamvantage, an industry leader in state-of-the-art, custom contract manufacturing and injection molding, announced its acquisition of MMD Medical, a medical device manufacturer with an aligned value proposition to help customers overcome business challenges, bring devices to market faster and reduce risk in the process. MMD Medical’s capabilities include injection molding, precision machining and a large array of mold building expertise.
“Teamvantage is on a strong growth trajectory, and this partnership enhances our ability to provide creative solutions for our customers' unique manufacturing challenges and compete in the global marketplace,” said Teamvantage Chief Executive Officer Dave Hemink. “MMD Medical’s capabilities and processes are very complimentary to the Teamvantage platform, providing a fully integrated, single source with differentiated precision manufacturing capabilities to serve a broad base of current and new customers.”
Teamvantage provides 50 years of expertise in engineering, design, high-precision, custom mold building and manufacturing to guide customers from conception to completion, helping organizations bring medical devices to market faster while reducing risk. MMD Medical helps OEMs overcome business challenges through engineering innovative solutions, simplifying supply chains, shortening lead times and creating more efficient processes. The acquisition creates the potential for significant value to customers by adding scale and capacity, creating operational efficiencies, and expanding access to major medical customers.
Founded in 1972, Teamvantage is an industry leader in fully integrated custom contract manufacturing, solving medical device OEM customers’ toughest challenges by providing strong problem solving capabilities to help customers achieve repeatable solutions with a long-standing track record of success. With expertise in state-of-the-art, custom contract manufacturing and injection molding, Teamvantage provides nimble, end-to-end solutions for medical device OEMs that help bring medical devices to market faster and on budget by reducing risks through extensive knowledge and capabilities. For more information, visit www.teamvantage.com.
Earth Day 2022 at Teamvantage
FOREST LAKE, MINN. (April 22, 2022) – The Teamvantage activity committee hosted an Earth Day event on Friday, April 22, 2022, at our facility in Forest Lake, Minnesota. More than two dozen volunteers consisting of Teamvantage employees and staff from our onsite contract employment agencies were provided gloves and combed the grounds for any trash that accumulated over the long winter months. All volunteers were also given a “Team” shirt for the event and enjoyed refreshments when finished. Our ambitious team collected two garbage cans of trash!
Other events taking place for all employees included handouts, brochures and a word search game from the local county environmental office educating employees on plastic recycling. Also provided was information on the resources available through the county recycling program.
The day's events wrapped up with a contest where employees tried to guess the number of aluminum cans crushed into recycled cubes. Over 75 employees participated in the contest and two employees guessed within two cans of the correct amount and they each won a gift card to a local business.
We could not be more proud of the employee turnout for the event and our activity committee is already making plans for our third annual Earth Day event in 2023!
Environmental Sustainability: Teamvantage is committed to environmental sustainability and future generations. We embrace continual education and the implementation and refinement of operational and environmental best practices to sustain and ensure the health, safety and well-being of our team, our business and our planet.
2022 Teamvantage Scholarship Winners
Congratulations to the scholarship winners at the Forest Lake High School awards night on June 6, 2022. Two students will each receive a $2,500, 2-year renewable scholarship from Teamvantage to help them pursue a career in manufacturing.
This year's winners are:
- Nick Ely (pictured) who will be attending Lake Superior College to pursue a degree in Engineering/CAD Technology
- Miles Mann who will be attending Central Lakes College to pursue a degree in Robotics
Best of luck to the winners and all of the 2022 graduates!
Teamvantage has been a proud sponsor of the Community Scholarship Fund since 2013.
Join Teamvantage at MD&M West Anaheim - February 2023
Teamvantage is thrilled to be heading back to Anaheim to exhibit at MD&M West, February 7-9, 2023. Stop by booth 2459 to learn about all of the exciting things happening at Teamvantage. Join us in our booth on Wednesday, February 8th from 10:00 am-noon to enjoy an espresso!
You can register online and use promo code MYGUEST2459 for a free expo pass and to save 20% on a two-day conference pass.
For additional information about the show, visit the MD&M West website.
We look forward to seeing you in Anaheim!
Teamvantage Launches New Parent Company: Velosity
Velosity unifies and represents the entire family of brands and full spectrum of end-to-end solutions
ANAHEIM, Calif. (February 7, 2023) - Teamvantage, an industry leader in state-of-the-art tool design and manufacture, injection molding, precision machining and contract manufacturing for the medical device market for more than 50 years, announced today from MD&M West 2023 the launch of its new parent company, Velosity.
Velosity will now represent the entire family of brands and the full range of services offered under one umbrella, including Teamvantage, MMD Medical, Custom Mold & Design, CMD Precision Manufacturing Group, and Paradigme Engineering.
“As our capabilities and market footprint have grown over the past year, it was the perfect time to align the brand name with the way in which we operate,” said Velosity CEO Dave Hemink. “Although we will have a new name, our mission remains unchanged: to accelerate innovative solutions to our customers, to offer our team members opportunities to succeed, and to enhance the ability for our customers to serve their patients and stakeholders.”
Velosity provides fully integrated, end-to-end solutions to address all aspects of the process, from design support to manufacturing. This unified brand approach helps simplify vertical integration efforts for customers and provides a breadth of expertise and capacity for complex projects.
Velosity continues to provide a comprehensive suite of end-to-end services, including:
- Design support and engineering
- Tool design and manufacture
- Injection molding
- Precision machining including dry Swiss machining
- Quality assurance
- Contract manufacturing
- Finishing and assembly
For more information, visit us at MD&M West booth #2459 or visit www.velosity.com.
Velosity is an industry leader in fully integrated custom contract manufacturing, solving medical device original equipment manufacturer (OEM) customers’ toughest challenges by providing strong problem-solving capabilities to help customers achieve repeatable solutions with a long- standing track record of success. With expertise in state-of-the-art custom contract manufacturing, injection molding, precision machining and tooling, Velosity provides nimble, end-to-end solutions for medical device OEMs that help bring medical devices to market faster and on budget by reducing risks through extensive knowledge and capabilities. For more information, visit www.velosity.com.