NEW YORK — Teamshares Inc., a tech-enabled acquiror of small-to-medium-sized enterprises (SMEs), said on Saturday it will go public through a merger with blank-check firm Live Oak Acquisition Corp. V (NASDAQ: LOKV) in a deal valuing the combined company at $746 million.
The business combination includes a $126 million private investment in public equity (PIPE) led by accounts advised by T. Rowe Price Investment Management and other institutional investors. The deal could yield up to $333 million in net proceeds, assuming no redemptions and excluding transaction expenses.
Upon closing, expected in the second quarter of 2026, the combined entity will operate as Teamshares Inc. and list on Nasdaq under the ticker symbol “TMS.”
Founded to acquire businesses with $0.5 million to $5 million in EBITDA from retiring owners, Teamshares integrates acquired companies into its proprietary software platform and enables employees to earn equity. The company currently operates subsidiaries with over $400 million in consolidated revenue across 40 industries and 30 U.S. states.
“With family succession becoming rarer and not enough buyers, retiring owners face a 70% failure rate when trying to sell,” said Teamshares CEO Michael Brown. “We aim to be the permanent home for thousands of high-quality businesses going through ownership transitions.”
Live Oak V Chairman and CEO Richard Hendrix said Teamshares’ model of reinvesting free cash flow into additional acquisitions offers a “long-term compounding pathway” for shareholder value creation.
Existing investors in Teamshares include Collaborative Fund, Khosla Ventures, Inspired Capital, QED Investors, Spark Capital, Slow Ventures, and Union Square Ventures.
The transaction is 100% primary, with proceeds earmarked for acquiring new operating subsidiaries and scaling Teamshares’ platform. The executive team has agreed to a lockup of up to four years, subject to early release based on performance.