What TEAM Industries does

TEAM Industries is a vertically integrated drivetrain design and manufacturing company headquartered in Bagley, Minnesota, operating eight facilities across North America with over 1,000,000 square feet of manufacturing space and 1,200+ employees. Founded in 1967 as Motek Engineering & Manufacturing by Don Ricke, the company remains family-owned in its third generation under CEO Micah Ricke, with an Employee Stock Ownership Plan (ESOP) holding approximately 43% on behalf of employees. It is described as the largest non-captive provider of drivetrain design solutions in its served market.

The company's core products include transaxles and transmissions, electric transaxles, final drives, continuously variable transmissions (CVT), and mechatronics systems, supplied to OEM customers in powersports/recreational vehicles (Polaris, Kawasaki), agricultural equipment, and industrial off-highway markets, with secondary exposure to lawn and garden, light vehicle, and aerospace segments. Underlying capabilities span R&D, design, prototyping, 4- and 5-axis CNC machining, gear manufacturing, aluminum die casting, in-house heat treating, metallurgical lab testing, automated assembly, and advanced validation including durability testing, NVH analysis, hemi-anechoic acoustic testing, and Digital Twin virtual analysis. The company holds ISO 9001:2015 and AS9100D certifications.

TEAM generates revenue through B2B contract manufacturing on a quote-based, multi-year OEM contract model, with three revenue streams: hardware sales of drivetrain products, contract manufacturing services, and product development engineering services. Distribution is direct-to-OEM through field sales and commodity management teams, with no public pricing. Operations extend to Mexico (Ramos Arizpe) for assembly and die casting, providing nearshoring capacity. The company received Minnesota Manufacturer of the Year (Large) in 2025 and was recognized as one of Minnesota's best-run manufacturers in 2023.

Name

TEAM Industries

Legal name

TEAM Industries Holding Corp.

Website

http://www.team-ind.com/

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TEAM Industries manufactures products such as gear sets, transmissions, axle assemblies, clutches, and drive train components.

Ownership category

akta.pro rank

Product category

Drivetrain Components & Contract Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612)

SIC

General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Axle, Differential & Final Drive Manufacturing (Front/Rear/E-axle housings) (IMACAHAG)

akta.pro secondary industry

Passenger Vehicle Transmission & Drivetrain Systems Manufacturing (ICE) (IMACAAAG)

Keywords

• Drivetrain manufacturing
• Gear manufacturing
• Precision machining
• Contract manufacturing
• Powersports drivetrains

Headquarters

HQ city

Bagley

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Drivetrain Product Manufacturing: Design, engineering, and manufacturing of drivetrain products including transaxles, transmissions, final drives, CVT systems, electric transaxles, and mechatronics for OEM customers in powersports, agricultural, and industrial markets
2. Contract Manufacturing Services: Make-to-print contract manufacturing services offering manufacturing capacity across a large variety of markets using precision machining and gear manufacturing capabilities
3. Product Development Services: Full-service engineering including research, design, prototyping, and testing services for drivetrain and associated technologies

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

TEAM Industries is a vertically integrated drivetrain design, manufacturing, and assembly provider serving OEM customers in powersports, agricultural, and industrial off-highway markets. The company offers end-to-end capabilities including product development (R&D, prototyping, bench and field testing), manufacturing services (shaping, grinding, gearing, die casting, turning, milling, heat treat, broaching, spline rolling, automation), and automated assembly operations producing over 900,000 assemblies annually. Its driveline product portfolio includes transaxles/transmissions, electric transaxles, final drives, continuously variable transmissions (CVT), and mechatronics systems.

Product overview

TEAM Industries is a total solutions provider in drivetrain product design applications, offering vertically integrated services from concept to production. The company provides Product Development Services (including R&D, prototyping, bench testing, and field testing), Manufacturing Services (shaping, grinding, gearing, die casting, turning, milling, heat treat, broaching/spline rolling, and automation), and Assembly Operations producing over 900,000 assemblies annually. The product portfolio includes Transaxles/Transmissions, Electric Transaxles, Final Drives, CVT (Continuously Variable Transmissions), and Mechatronics systems for powersports, agriculture, and industrial off-highway markets. Supporting these core offerings is a full-service Metallurgical Lab for quality testing and analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• Product Development Services Full-service engineering including R&D, design, prototyping, bench testing, and field testing for drivetrain and associated technologies; serves OEM customers in off-road, lawn and garden, and light vehicle markets from concept through production.
• Manufacturing Services Vertically integrated precision manufacturing including shaping, grinding, gear manufacturing, die casting, turning, milling, heat treatment, broaching, spline rolling, and automation for OEM drivetrain components.
• Assembly Operations Automated assembly of drivetrain products producing over 900,000 assemblies annually across facilities in Bagley, MN and Ramos, Mexico, with NVH analysis, end-of-line testing (shifting, spinning, load testing, oil fill, sensor/actuator checks), and serial-number traceability.
• Transaxles / Transmissions Drivetrain products that transmit power in powersports, agricultural, and industrial off-highway applications; includes planetary drives, dual clutch transmissions (DCT), and hybrid transmissions.
• Electric Transaxles (e-Drives) Electric drivetrain solutions for transmitting and delivering power in off-road, lawn and garden, and light vehicle markets.
• Final Drives Performance and reliability-enhancing drivetrain components for powersports, agricultural, and industrial off-highway markets.
• CVT (Continuously Variable Transmissions) Continuously variable transmissions for powersports, agricultural, and industrial off-highway applications.
• Mechatronics Systems Integration of electrical, mechanical, and control systems including actuator design, controller development, programming, electric drivetrain integration, and harness design.
• Metallurgical Lab Testing Full-service metallurgical laboratory providing microstructural analysis, non-destructive testing, hardness testing, failure evaluation, corrosion testing, and chemical analysis (TEAM CML).

Quantifiable outcome

• Over 900,000 assemblies produced annually
• +2 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor.

• Cross ChemicalsminorOthersRecipient of the TEAM Industries Above and Beyond Award in 2024 as part of the Supplier Recognition Award Program. Recognized for steadfast commitment and exceptional contributions to TEAM's success, sharing risks and fostering a long-term relationship.
• TMI EP, LLCminorOthersPresented with the TEAM Industries Partnership Award in 2024. Recognized for commitment to relationships built on well-placed trust, unmitigated Quality and Delivery record, and efforts beyond transactional excellence.
• Spectro AlloysminorOthersPresented with the TEAM Industries Partnership Award in 2024. Recognized for consistent contributions of labor, skills, money, and knowledge, demonstrating remarkable flexibility through order declines and increases, and proactive approach in purchasing equipment and tooling.
• Cass Precision MachiningminorOthersReceived the TEAM Industries Outstanding Service Award in 2024. Recognized for excellence in On Time Delivery, Quality, Customer Service, Cost Control, and Product Engineering Support.

Scale indicators7 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Dana Incorporated: Dana is a global leader in drivetrain and e-Propulsion systems, manufacturing axles, driveshafts, sealing, and thermal management products for OEM customers across light vehicle, commercial vehicle, and off-highway markets. Closely comparable product portfolio and direct OEM-supply business model to TEAM Industries.
• Linamar Corporation: Linamar is a Canadian tier-1 supplier with a Powertrain & Driveline segment that designs and manufactures precision-machined drivetrain components, including gears and shafts, for automotive, off-road, and industrial OEM customers. Highly comparable vertically integrated contract manufacturing model.
• American Axle & Manufacturing: AAM manufactures axles, driveshafts, and driveline components for light vehicle, commercial, and off-road OEM customers. Direct overlap with TEAM's axle, differential, and final drive product lines for off-highway and powersports applications.
• Magna Powertrain: Magna's Powertrain segment designs and produces transmissions, AWD systems, e-drive systems, and complete driveline assemblies for global OEM customers including off-road and industrial platforms. Comparable in design-to-assembly vertical integration and electrification roadmap.
• Carraro Group: Carraro is an Italian drivetrain specialist focused on off-highway applications — axles and transmissions for agricultural tractors, construction equipment, and material handling. Directly comparable end-market focus to TEAM's industrial off-highway and agricultural segments.
• AxleTech International: AxleTech designs and manufactures axles, drivetrain components, and aftermarket parts for heavy-duty off-highway, military, and specialty vehicles. Direct overlap with TEAM's axle, differential, and final drive product range for off-highway OEM customers.
• Twin Disc: Twin Disc designs and manufactures power transmission equipment — marine gears, industrial clutches, and marine transmission systems. Comparable role as a specialized B2B drivetrain OEM supplier with vertically integrated engineering and assembly capabilities.

Broad incumbents

• BorgWarner: BorgWarner is a global tier-1 supplier of drivetrain and powertrain solutions including transmissions, all-wheel-drive systems, and turbochargers. Broader portfolio than TEAM and heavier weighting to light-vehicle applications, but overlaps in drivetrain engineering and electrification.
• Allison Transmission: Allison designs and manufactures fully automatic transmissions for commercial, defense, and off-highway vehicles. Indirect peer — overlapping transmission design and assembly capabilities but focused on heavier-duty on/off-highway applications.
• ZF Friedrichshafen: ZF is a global tier-1 supplier with a substantial Driveline Technology division producing transmissions, axle systems, and chassis components for passenger cars, commercial vehicles, and off-highway OEMs. Very large incumbent that competes with TEAM at the design and assembly level for off-road customers.

Market position

Strengths2 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEAM Industries