TMS Begins Trading on Nasdaq Today; Teamshares is the Market-Leading Acquiror of Businesses From Retiring Owners

Rhea-AI Summary

Teamshares (Nasdaq:TMS), a tech-enabled acquiror of small and medium businesses from retiring owners, began trading publicly on Nasdaq on June 23, 2026.

The holding company has grown to 93 businesses since 2020, uses software to source 75,000 for-sale businesses per year, and has a $126.5M equity investment anchored by T Rowe Price Investment Management.

Positive

• Began trading publicly on Nasdaq under ticker TMS on June 23, 2026
• Has grown portfolio to 93 acquired businesses since 2020
• Software platform sources around 75,000 actively for-sale businesses per year
• Secured $126.5 million equity investment anchored by T Rowe Price Investment Management
• Employee stock ownership aims to align workers as shareholders across portfolio companies

Negative

• None.

Market Context

This announcement highlights TMS’s scale at 93 acquired businesses, a 75,000-deal annual sourcing pi...

Analysis

This announcement highlights TMS’s scale at 93 acquired businesses, a 75,000-deal annual sourcing pipeline, and a sizeable $126.5M equity anchor. Key risks include integration execution across many SMEs and maintaining consistent organic growth.

Key Figures

Portfolio companies: 93 businesses Deal sourcing pipeline: 75,000 businesses per year Equity investment: $126.5M

3 metrics

Portfolio companies 93 businesses Total companies acquired since 2020

Deal sourcing pipeline 75,000 businesses per year Actively for sale businesses sourced annually by TMS software

Equity investment $126.5M Anchored by T Rowe Price Investment Management

Key Terms

fintech, employee stock ownership, underwriting, ai

4 terms

fintech financial

"Teamshares is part holdco, part fintech, and aligns employees through stock ownership."

FinTech, short for financial technology, refers to new tools and software that make managing money easier and more convenient, like mobile payment apps or online banking. It matters because it helps people and businesses access financial services faster, often at lower costs, changing how we handle money in everyday life.

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employee stock ownership financial

"shareholder alignment through employee stock ownership is why Teamshares companies have strong, reliable organic growth."

Employee stock ownership is when workers hold a portion of a company’s shares, either by buying stock or through workplace plans that grant shares over time. For investors it matters because employee owners tend to have incentives that align with long-term company performance—like staff at a small shop who benefit when the business does well—while widespread employee ownership can also affect share supply and corporate decision-making.

underwriting financial

"Our software and AI work across underwriting, operations, and financial oversight, compounding with every transaction."

Underwriting is the process where a financial institution agrees to buy and then resell new stocks or bonds to investors. It matters because it helps companies raise money quickly and smoothly, while the bank takes on the risk of selling those securities at the agreed price. Think of it like a booker guaranteeing to sell all tickets for a concert before opening the doors.

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ai technical

"Our software and AI work across underwriting, operations, and financial oversight, compounding with every transaction."

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Tech-enabled holding company has grown to 93 businesses since 2020
• Seeks to be a permanent home for thousands of great companies as owners retire
• TMS software sources 75,000 actively for sale businesses per year
• T Rowe Price Investment Management anchors $126.5M equity investment in TMS

NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Teamshares (Nasdaq: TMS), a tech-enabled acquiror of SMEs, began trading publicly today. Teamshares is the market-leading acquiror of businesses from retiring owners. Teamshares is part holdco, part fintech, and aligns employees through stock ownership.

Teamshares cofounder and CEO Michael Brown said, "We’re proud to be the market leader in buying businesses from retiring owners. Going public provides us with additional financing options to expand our model to thousands of great companies over time."

Alex Eu, Teamshares cofounder and President, added, “The Teamshares platform is built and it is working to repeatedly transition and grow successful businesses. We believe our unique combination of qualified leaders, financial infrastructure, and shareholder alignment through employee stock ownership is why Teamshares companies have strong, reliable organic growth."

"Every company we acquire strengthens our proprietary dataset that makes the next acquisition smarter. Our software and AI work across underwriting, operations, and financial oversight, compounding with every transaction. Going public lets us accelerate that flywheel at exactly the moment millions of small business owners are retiring," said Kevin Shiiba, cofounder and CTO.

About Teamshares
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 retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock. Founded in 2019, Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states. Learn more at https://www.teamshares.com/investors.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. No representations or warranties, express or implied are given in, or in respect of, this press release. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements also include, but are not limited to, statements regarding estimation of the listing. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Teamshares management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although Teamshares believes that it has a reasonable basis for each forward-looking statement contained in this press release, Teamshares cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of Teamshares as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, Teamshares does not undertake any duty to update these forward-looking statements.

Contacts
Investor Relations: Investors@teamshares.com
Press: Press@teamshares.com

FAQ

When did Teamshares (TMS) start trading on Nasdaq and what does it do?

Teamshares (TMS) began trading on Nasdaq on June 23, 2026, as a tech-enabled acquiror of small and medium businesses from retiring owners. According to Teamshares, it operates as a holding company and fintech platform focused on employee stock ownership.

How many businesses has Teamshares (TMS) acquired as of its Nasdaq listing?

As of its Nasdaq listing, Teamshares has grown to 93 businesses since 2020. According to Teamshares, each acquisition feeds a proprietary dataset that supports smarter future deals, underwriting, operations, and financial oversight across its small business portfolio.

What is the size of the equity investment anchored by T Rowe Price in Teamshares (TMS)?

T Rowe Price Investment Management is anchoring a $126.5 million equity investment in Teamshares. According to Teamshares, this capital supports its strategy to acquire more small businesses from retiring owners and expand its employee stock ownership model nationwide.

How does Teamshares (TMS) source small businesses for acquisition from retiring owners?

Teamshares uses proprietary software to source about 75,000 actively for-sale businesses per year. According to Teamshares, its technology and AI tools support underwriting, operations, and financial oversight, helping it repeatedly transition successful companies from retiring owners to new leadership.

What is unique about Teamshares (TMS) employee ownership and fintech model?

Teamshares combines a holding company structure with fintech tools and employee stock ownership. According to Teamshares, it aligns employees as shareholders, using financial infrastructure and leadership support to drive reliable organic growth across acquired small and medium-sized businesses.

How does going public on Nasdaq support Teamshares (TMS) long-term acquisition strategy?

Listing on Nasdaq provides Teamshares with additional financing options to scale its acquisition model. According to Teamshares, public capital will help it become a permanent home for thousands of companies as millions of small business owners approach retirement in the coming years.