Teamshares, a Tech-Enabled Acquiror of High-Quality SMEs, to List on Nasdaq via Live Oak V Combination; $126 Million PIPE Led by Accounts Advised by T. Rowe Price Investment Management, Inc.
Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock
Teamshares' acquisition-based business model aims to drive predictable, repeatable growth and scale through financial technology
Among the largest SME acquirors, Teamshares aims to become a permanent home for thousands of SMEs with strong cash flow conversion as three million SME owners in the U.S. approach retirement age
Supported by a $126 million common equity PIPE anchored by accounts advised by T. Rowe Price Investment Management, Inc., with participation from othe
