Teamshares
Acquires small businesses and transitions them to employee ownership
Company facts
- Founded
- 2019
- Employees
- 140
- Headquarters
- United States
- CEO
- Michael Sutherland Brown
- Type
- Private
- Funding
- Series D · $124M · 2023
- Subsidiaries
- MGR, Vincenzo's, Brad's Service Center, Chariho Furniture, Carpet Plus
About
At Teamshares, we are passionate about transforming the landscape of small businesses in America. Our mission is to create a network of employee-owned small businesses, empowering the workers who create value in these companies. We recognize that small businesses play a pivotal role in the economy, employing half of all workers and generating 44% of economic activity. Yet, when owners retire, a staggering 70% of them struggle to find buyers, often leading to closure. This is where we step in. We purchase small businesses from retiring owners and implement a structured plan to transition ownership to employees. Our goal is for these businesses to become 80% employee-owned within two decades, starting with a 10% stake granted to employees post-sale. This approach not only secures the jobs of dedicated employees but also enables them to share in the financial successes of the business. We leverage proprietary software, comprehensive education, and innovative financial products to nurture these businesses and their new owners.
Open positions
Netsuite Solutions Architect
Design and lead NetSuite ERP implementations across 90+ companies, set technical standards, and troubleshoot complex issues to scale financial systems efficiently.
Tax Accountant
MGR Accounting Recruiters, a Teamshares Network company, is searching for a Tax Accountant for a client in San Antonio. The Tax Accountant is responsible for managing and maintaining the tax compliance of a company or…
Tax Director
Tax Director Summary: MGR Accounting Recruiters, a Teamshares Network company, is searching for a Tax Director for a client in San Antonio. As the Director of Tax, this role will be responsible for managing tax…