Corporate ActionJun 24, 2026, 05:17 PM
Teamshares Begins Trading on Nasdaq Under 'TMS' Symbol
AI Summary
Teamshares Inc., a tech-enabled acquirer of small and medium-sized enterprises (SMEs), announced its common stock began trading on The Nasdaq Stock Market LLC under the new trading symbol "TMS" on June 23, 2026. The company, which focuses on acquiring businesses from retiring owners and aligning employees through stock ownership, has grown to 93 businesses since 2020 with consolidated revenue of $490 million. Teamshares also posted an investor presentation highlighting its growth strategy, including a projected Pro Forma Adjusted EBITDA of $100 million by 2027.
Key Highlights
- Teamshares Inc. began trading on Nasdaq under the symbol "TMS" on June 23, 2026.
- The company has grown to 93 businesses since 2020, with $490 million consolidated revenue.
- T Rowe Price Investment Management anchored a $126.5 million equity investment in TMS.
- Forecasted Pro Forma Adjusted EBITDA is $19M for 2025A, $60M for 2026E, and $100M for 2027E.
- This represents a 5.3x growth in Pro Forma Adjusted EBITDA from 2025A to 2027E, a 129% CAGR.
- Teamshares targets acquiring SMEs with $0.5M to $5M EBITDA at a 5x purchase multiple.
- The company aims for 80% EBITDA to unlevered free cash flow conversion.
- Organic EBITDA growth CAGR was approximately 7.2% from 2019 to 2025.
Price Impact
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