# TEAM Partners

TEAM Partners is a Private Equity based in Dallas, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 2005
- **Assets under management:** $200M - $500M (Altss estimate)
- **Website:** teampartnersllc.com

## Regulatory record

- **Reports private funds:** No

## About

Founded in 2005 by Stephen Cook and Thomas Pritchard, TEAM Partners emerged from the recognition that thousands of closely held, profitable businesses in the industrial and business-services sectors lacked a sophisticated transition partner. The firm targets family-owned and owner-operated companies with sustainable cash flows — typically generating at least $1 million in EBITDA — where the founding generation wants liquidity or a strategic partner willing to preserve legacy while funding growth. Unlike generalist middle-market funds, TEAM Partners positions itself as an operational buyer rather than a financial engineer. The firm's investment strategy concentrates on three core verticals: commercial and industrial, consumer products and retail, and business services. Transaction structures are intentionally flexible to accommodate seller priorities — full buyouts, recapitalizations that allow owners to retain minority equity, buy-and-build platforms, and structured minority investments all appear in the toolkit. TEAM Partners focuses on North American companies with $10 million to $100 million in revenue, deploying both controlled-equity and junior-capital solutions. The firm distinguishes itself through an operating-partner model that embeds functional expertise — supply chain, sales-force effectiveness, and strategic procurement — into portfolio companies post-close, rather than relying on spreadsheet-driven oversight. The Dallas-based team has spent two decades refining a sourcing engine built on relationships with business brokers, regional accounting firms, and industry trade associations rather than broad auction processes. In May 2025, the firm continues to execute its lower-middle-market buyout strategy with a dual focus on organic growth and add-on acquisitions for existing platforms. TEAM Partners maintains a lean partnership structure, with Cook and Pritchard remaining closely involved in both origination and portfolio governance. What structurally separates TEAM Partners from thousands of lower-middle-market private equity firms is its explicit rejection of the sponsor-to-sponsor flip as an exit strategy. The firm markets itself to sellers as a long-duration holder — a posture that directly appeals to founders who view their companies as lifetime achievements rather than assets to be stripped and resold within 48 months. This patient-capital architecture, combined with in-house operating expertise, creates a genuine structural alternative for business owners who previously believed an ESOP or a strategic sale to a competitor were their only palatable paths.

## Sectors

- Industrial Tech
- ClimateTech
- Energy Transition & Renewables
- Business Services
- Consumer Products & Retail

## People

- Stephen C. Cook — Managing Partner & Co-Founder
- Thomas C. Pritchard — Partner & Co-Founder

## Questions

### Who runs investment decisions at TEAM Partners?

Managing Partner Stephen Cook and Partner Thomas Pritchard, who co-founded the firm in 2005, jointly lead investment decisions. Both are actively involved in deal origination, structuring, and post-acquisition governance. The partnership structure is intentionally lean, with decisions made by the two named principals rather than a broad investment committee.

### What types of transaction structures does TEAM Partners typically use?

TEAM Partners deploys a deliberately flexible toolkit to match seller preferences. Transaction structures include outright buyouts, recapitalizations where founders retain minority equity, buy-and-build platform strategies, and structured minority investments. This flexibility is central to the firm's pitch to business owners seeking partial liquidity or a staged ownership transition.

### How does TEAM Partners source proprietary deal flow?

The firm relies on a relationship-based origination model built over two decades. Sourcing channels include regional accounting firms, business brokers, trade associations, and direct outreach to founders in the commercial, industrial, and business-services sectors. TEAM Partners deliberately avoids broad auction processes dominated by larger sponsors.

### How does TEAM Partners approach post-acquisition operations?

TEAM Partners embeds functional operating expertise into portfolio companies post-close, deploying specialists in supply chain, sales-force effectiveness, and strategic procurement. This contrasts with financial-engineering approaches. The firm markets itself to sellers as a long-duration operational partner rather than a rapid-turnaround financial sponsor.

## Related profiles

- [Teampact Ventures](https://altss.com/profile/teampact-ventures)
- [Team Ventures](https://altss.com/profile/team-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/team-partners

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