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
Associate M&A Attorney
What is Teamshares? Teamshares is a tech-enabled acquiror of high-quality businesses, intending to be a permanent home for businesses. Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5…
Sr. Controller - General Ledger Shared Services (Central or Eastern Time zone)
My Financial Partner delivers high quality, fast-paced fractional Controller, AP, and GL services to 70+ network companies across the Teamshares portfolio. We're a wholly owned subsidiary of Teamshares, Inc. — a…
Transition GL Accountant (30-40% travel)
My Financial Partner delivers high quality, fast-paced fractional Controller, AP, and GL services to 70+ network companies across the Teamshares portfolio. We're a wholly owned subsidiary of Teamshares, Inc. — a…
Paralegal
What is Teamshares? Teamshares Inc. (Nasdaq: TMS) is a tech-enabled acquirer of high-quality businesses that intends to be a permanent home for the businesses it acquires. Part holding company, part fintech, Teamshares…
GL Accountant
My Financial Partner delivers high quality, fast-paced fractional Controller, AP, and GL services to 70+ network companies across the Teamshares portfolio. We're a wholly owned subsidiary of Teamshares, Inc. — a…
General Counsel
Teamshares is a tech-enabled acquiror of SMEs, intending to be a permanent home when owners retire. Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from…