What Teamshares does

Teamshares is a tech-enabled acquiror of U.S. small businesses that transitions them to permanent employee ownership. Founded in 2019 in New York City by Michael Brown, Kevin Shiiba, Alex Eu, and Brian Gaebe, the company targets retiring SMB owners with $0.5M–$5M of EBITDA (restaurants $250K+), acquiring the business, recruiting an external president via its President Network and Leadership Accelerator program, and granting equity to incumbent employees over a multi-year path targeting ~80% employee ownership. Through June 2026, Teamshares had acquired 93 businesses across 40+ industries and 30+ U.S. states, creating 1,800+ employee owners and $30M+ in new equity wealth.

The company's core technology is TeamsharesOS, a proprietary web-based operating platform (os.teamshares.com) that gives each network company's employee owners real-time access to revenue, gross profit, and operating profit metrics, equity tracking, and shareholder education modules supporting open-book management. Underpinning the acquisition pipeline is a proprietary AI-driven sourcing engine that programmatically surfaces and screens approximately 75,000 small businesses for sale annually, reviewing 3,000+ CIMs per year and signing LOIs on roughly 1% of reviewed businesses. A standardized in-house transactions team — including a VP Transactions, Transaction Managers, Financial Due Diligence, Transition Specialist, and Transaction Attorneys — drives a 90-day close process with a reported 90% close rate on signed LOIs and 95% seller satisfaction.

Teamshares' revenue is consolidated subsidiary revenue from the 90+ wholly-owned operating SMBs, with $490M in consolidated revenue and $19M EBITDA reported at the June 2026 Nasdaq IPO. Acquisition offers are quote-based against SDE/EBITDA, recently reported at ~5.3x LTM EBITDA plus earnouts. The company completed a $246M venture equity raise (including a $124M Series D led by QED Investors in August 2023), received strategic investments from MUFG Innovation Partners (March 2024) and MPower Partners (July 2024), launched fintech add-ons Teamshares Kitchen and Teamshares Credit (late 2023), and expanded into Canada (mid-2025) and Japan (2024). In November 2025 it announced a business combination with Live Oak Acquisition Corp. V at a $746M pro forma enterprise value, anchored by a $126.5M PIPE from T. Rowe Price Investment Management, and began trading on Nasdaq as TMS on June 23, 2026. Management has guided to $100M EBITDA by 2027.

Name

Teamshares

Legal name

Teamshares Inc.

Website

https://teamshares.com

Company type

Public

Founded year

2019

Operating status

Ipo

Headcount range

101–250 employees

Short description

Teamshares is a tech-enabled acquiror of U.S. small businesses with $0.5M–$5M EBITDA that transitions them to permanent employee ownership via its TeamsharesOS platform and Leadership Accelerator. It went public on Nasdaq (TMS) in June 2026, operating 93 acquired businesses across 40+ industries.

Ownership category

akta.pro rank

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Operating Subsidiary Revenue: Consolidated revenue generated by the 90+ SMB subsidiaries Teamshares owns and operates across 40+ industries and 30+ states. Reported at $490M consolidated revenue with $19M EBITDA as of mid-2026. Recurring in nature at the portfolio level, generated from underlying operating businesses.
2. Capital Markets / Equity Issuance: Capital raised through equity funding rounds (Series D of $124M led by QED Investors, part of broader $245M raise in 2023) and a $126.5M PIPE anchored by T. Rowe Price Investment Management at the Live Oak V SPAC business combination in June 2026, plus interim financing of ~$30M from JBA Asset Management.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

Teamshares is a tech-enabled acquiror that programmatically purchases small businesses with $0.5M-$5M of EBITDA from retiring owners, transitions them to employee ownership, and operates them within its proprietary TeamsharesOS platform. The company sources ~75,000 businesses for sale annually through an AI-driven acquisition engine, then recruits outside presidents to lead each acquired business, grants equity to employees, and supports operations through open-book financial tracking and ongoing shared services.

Product overview

Teamshares operates a single, tech-enabled employee ownership platform composed of several integrated products rather than separate standalone tools. The core platform is the Teamshares Operating Platform combined with the TeamsharesOS application, which together onboard acquired small businesses, host open-book financial education for employee owners, and track equity ownership in real time. Layered on top are the add-on modules Teamshares Kitchen and Teamshares Credit (fintech products for network company employees), the Teamshares Leadership Accelerator and President Network (training and placement program for incoming presidents), and the Broker Acquisition Program (which sources and acquires small businesses from retiring owners). The Teamshares Investor Relations site complements the consumer-facing site for public-company stakeholders.

Differentiator

Problem solved

Functional benefit

Brands

• TeamsharesOS: Educational and financial platform where employee owners can track the company's financial performance in real-time, understand their equity, and improve foundational knowledge through shareholder education.
• Teamshares Kitchen
• Teamshares Credit

Products and services

• Teamshares Acquisition & Broker Program End-to-end acquisition service for retiring U.S. small business owners and brokers/M&A advisors; covers sourcing, evaluation, transaction support, and post-close employee ownership transition, targeting businesses with $0.5M-$5M EBITDA.
• TeamsharesOS Educational and financial operating platform for employee owners at Teamshares network companies, providing real-time access to revenue, gross profit, and operating profit metrics, equity tracking, and a financial education curriculum.
• Teamshares Leadership Accelerator & President Network Recruiting and placement program that recruits outside executive leaders to run acquired SMBs, providing intensive onboarding training, peer mentorship groups (industry/geographic/cohort), in-person summits, and ongoing support.
• Teamshares Kitchen Fintech product launched by Teamshares to serve acquired network companies and their employee owners as part of its fintech product suite.
• Teamshares Credit Fintech credit product launched alongside Teamshares Kitchen to extend financial services to network company employees and employee owners.

Quantifiable outcome

• 70% of small businesses fail to sell; Teamshares achieves ~90% close rate on signed LOIs and 95% satisfaction from former owners.
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability1 record

Feature4 records

Partnerships

Five partnerships are on record, tiered strategic advisor (m&a legal), flagship strategic — spac merger, recurring transaction advisor and recurring broker/partner.

• Latham & Watkinsstrategic advisor (m&a legal)Implementation/ SI/ Consulting Partner · 24 November 2025Advised Teamshares on its business combination with Live Oak Acquisition Corp. V; serves as legal counsel for the SPAC transaction and Nasdaq listing.
• Live Oak Acquisition Corp. Vflagship strategic — spac mergerStrategic or Co-development Partner · 14 November 2025SPAC (Nasdaq: LOKV) sponsored by Live Oak Merchant Partners; business combination announced November 2025, completed June 16-19, 2026. Combined entity trades on Nasdaq as TMS / TMSWW with a pro forma enterprise value of $746M and up to $333M in net proceeds.
• Generational Grouprecurring transaction advisorImplementation/ SI/ Consulting Partner · 23 April 2025M&A advisory firm that advised Story First, Inc. dba The Costumer on its sale to Teamshares; acts as a recurring broker in Teamshares' acquisition pipeline.
• Morgan & Westfieldrecurring transaction advisorImplementation/ SI/ Consulting Partner · 28 June 2023M&A advisory firm that represented Teamshares in the acquisition of Mother Nature's Goodies — illustrates the recurring role of Morgan & Westfield as deal representative on Teamshares acquisitions.
• Transitions in Business (Lauren Altschuler, CEPA, CBI)recurring broker/partnerImplementation/ SI/ Consulting Partner · 7 March 2023M&A advisor and broker referenced as a recurring partner helping bring buyer-seller matches to Teamshares, including for small business succession planning engagements.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• HEICO: NYSE-listed aerospace and electronics company that builds value through disciplined, decentralized acquisitions of small niche operating businesses. Comparable in its buy-and-hold, decentralized operating model — though in industrial niches rather than SMB succession.
• Berkshire Hathaway: Diversified holding company built on acquiring and permanently owning operating businesses. The most prominent large-scale analog to Teamshares' 'permanent home for businesses' philosophy, though far larger, broader, and not focused on employee ownership or SMB succession.
• Constellation Software: TSX-listed perpetual acquirer of vertical-market software businesses. Comparable as a programmatic, decentralized acquirer of small operating companies with a permanent-hold philosophy — but focused exclusively on VMS, not diversified SMBs.
• KKR & Co. Global alternative asset manager with significant SMB and lower-middle-market activity through private equity, credit, and infrastructure strategies. Comparable as a large capital allocator into U.S. SMBs, though KKR is multi-thousand-times larger and pursues exits rather than permanent employee ownership.

Direct peers

• Thrasio: Tech-enabled roll-up acquirer of small Amazon-FBA consumer brands. Comparable as a programmatic, technology-driven SMB acquirer with shared operational playbooks, though Thrasio focuses on a single category (CPG) and has faced recent valuation resets.
• Main Street Capital: Public business development company (NASDAQ: MSCC) focused on providing debt and equity capital to lower-middle-market U.S. SMBs. Comparable to Teamshares in its target demographic and dollar-size band, though it operates as a capital provider rather than an operator-acquirer.
• Gladstone Investment Corporation: Public BDC (NASDAQ: GAIN) that invests in buyouts of U.S. lower-middle-market companies. Directly comparable in SMB acquisition orientation and SMB target size, though Gladstone is a financial sponsor rather than a strategic operator.
• Tiny Capital: Holding company founded by Andrew Wilkinson that acquires and operates dozens of mostly internet-enabled small businesses. Closely comparable buy-and-hold SMB acquirer model, though Tiny is private and not employee-ownership-oriented.

Regional players

• Perpetual Limited: Australian financial services holding company with diversified wealth and corporate trust businesses. Useful analog as a publicly listed holding company with decentralized operating subsidiaries, though regionally focused on Australian financial services rather than U.S. SMB succession.

Emerging players

• NewHold Investment Corporation: Publicly traded holding company (formerly NASDAQ: NHIC) formed to acquire and operate small operating businesses. Direct strategic analog as a publicly listed SMB-acquisition vehicle, though smaller in scale and not focused on employee ownership transitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/intent/tweet?text=%E2%80%9CIf+I+had+two+offers+for+the+same+amount+and+only+one+offered+employee+ownership%2C+I+would+definitely+choose+employee+ownership.%E2%80%9D+%E2%80%94++-+Rob+G.%2C+former+owner&url=https%3A%2F%2Fsad-nightingale8507.on.getshifter.io%2Fresources%2Fresources%2Facquisition-criteria%2F
• YouTubeyoutube.com/watch?v=UkR0SdVg2dg
• LinkedInlinkedin.com/company/teamshares

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds8 records

Investors15 records

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

M&A2 records

Investments

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

Frequently asked questions about Teamshares