Business
Teamshares Acquires $15 Million of New EBITDA in 4Q 2025 Ahead of Anticipated Nasdaq Listing
NEW YORK--(BUSINESS WIRE)-- Teamshares Inc. (“Teamshares” or the “Company”), a tech-enabled acquiror of high-quality small-to-medium enterprises, provided a
About this update from Live Oak Acquisition Corp. V
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nTeamshares Inc. (“Teamshares” or the “Company”), a tech-enabled acquiror of high-quality small-to-medium enterprises, provided a business update reflecting continued growth momentum and increasing scale as the Company moves towards an anticipated Nasdaq listing in the second quarter of 2026 via business combination with Live Oak Acquisition Corp. V (NASDAQ:LOKV) (the “Business Combination”):\n\n\n\nTeamshares completed four acquisitions from retiring owners in the fourth quarter of 2025, with combined last twelve-month EBITDA (non-GAAP) exceeding $15 million, in line with its acquired EBITDA target for the quarter.\n\n\n\nAs part of the Business Combination public filings on November 14, 2025, Teamshares publicly disclosed an investor presentation with a 2026 annual forecast of $35 to 40 million in acquired EBITDA (non-GAAP) and $6 million in the first quarter of 2026 acquired EBITDA.\n\n\n\nThe $3.8 million average EBITDA (non-GAAP) for fourth quarter of 2025 acquisitions is consistent with the Company’s focus on durable family enterprises with EBITDA of $0.5 to $5 million and high cash flow conversion.\n\n\n\nTeamshares acquired these companies at a combined EBITDA multiple of approximately 5.3x LTM EBITDA (non-GAAP) plus additional performance-based earnouts, continuing its focus on disciplined capital allocation as it heads towards the public markets.\n\n\n\nTeamshares’ platform has over 90 operating subsidiaries across over 40 industries, with an average operating history of over 35 years as of December 31, 2025.\n\n\n\nIn December 2025, Teamshares also closed approximately $30 million of interim financing pursuant to a credit facility with funds managed, advised, or sub-advised by JBA Asset Management LLC to provide secured term loans to certain unencumbered subsidiaries. This financing is consistent with plans for a $25 million interim financing previously authorized by LOKV as part of the Business Combination. The credit facility will be used for activities in the ordinary course of Teamshares’ business, including financing working capital and business acquisitions, refinancing existing acquisition debt, and general corporate purposes.\n\n\n\nCo-founder and CEO Michael Brown noted, “Teamshares’ acquisition-based business model aims to drive predictable, repeatable growth and scale through fi...