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EP028: Teamshares: The Next Programmatic Acquirer
Teamshares: The Next Programmatic Acquirer. Coming Soon: $LOKV → $TMS
Doug Garber chats with Michael Brown (Teamshares, TMS) and Rick Hendrix (Live Oak, LOKV) about taking a programmatic acquirer of small businesses public via a DSPAC — the sourcing tech, capital plan, and why this opens a new asset class for investors. 🚀
In this episode:
How Teamshares buys retirement-sale SMEs, systemizes sourcing (70k leads → <1% close) and runs them as audited subsidiaries. 🧩
The advantages of being public include a lower cost of capital and the ability to leverage the infrastructure the team has built to acquire and run SME’s efficiently.
The large runway to continue to acquire companies at around 15-20% ROE’s.
The company could be FCF positive in the near future and be self-funding.
T. Rowe Price has already anchored the PIPE.
Subscribe to the Pitch The PM newsletter for weekly market insights, episode follow-ups, and our job board!https://pitchthepm.substack.com/
🎧 Listen on Spotify and Apple Podcasts.
💡 Presented by AlphaSense: Free trial access💡Model tools by InSyncAnalytics: The complete buy-side model productivity suit
This episode is for informational purposes only and does not constitute investment advice. See full disclosures at: https://PitchThePM.com
Listen on Spotify • Subscribe for new episodes 🎧
Disclaimer: Educational only — not investment advice.
View all episodes
By PitchThePMTeamshares: The Next Programmatic Acquirer. Coming Soon: $LOKV → $TMS
Doug Garber chats with Michael Brown (Teamshares, TMS) and Rick Hendrix (Live Oak, LOKV) about taking a programmatic acquirer of small businesses public via a DSPAC — the sourcing tech, capital plan, and why this opens a new asset class for investors. 🚀
In this episode:
How Teamshares buys retirement-sale SMEs, systemizes sourcing (70k leads → <1% close) and runs them as audited subsidiaries. 🧩
The advantages of being public include a lower cost of capital and the ability to leverage the infrastructure the team has built to acquire and run SME’s efficiently.
The large runway to continue to acquire companies at around 15-20% ROE’s.
The company could be FCF positive in the near future and be self-funding.
T. Rowe Price has already anchored the PIPE.
Subscribe to the Pitch The PM newsletter for weekly market insights, episode follow-ups, and our job board!https://pitchthepm.substack.com/
🎧 Listen on Spotify and Apple Podcasts.
💡 Presented by AlphaSense: Free trial access💡Model tools by InSyncAnalytics: The complete buy-side model productivity suit
This episode is for informational purposes only and does not constitute investment advice. See full disclosures at: https://PitchThePM.com
Listen on Spotify • Subscribe for new episodes 🎧
Disclaimer: Educational only — not investment advice.