CNL Strategic Capital has announced it has acquired a majority equity stake in TacMed Solutions.
TacMed, based in Anderson, S.C., designs, develops and manufactures medical products that equip, train and protect professionals in pre-hospital, emergency trauma situations. Founded in 2003, the company’s products include emergency response technology, simulation solutions and training aids.
CNL Strategic Capital, based in Orlando, is the private equity arm of CNL Financial Group. The firm focuses on middle-market businesses primarily with annual revenues between $15 million and $250 million. CNL Strategic Capital is externally managed by CNL Strategic Capital Management and Levine Leichtman Strategic Capital.
Terms of the acquisition were not disclosed.