TEAM Services Group Acquisition, Valuation, Funding & Investors

TEAM Services Group was acquired by General Atlantic for $3B in April 2026.

TEAM Services Group acquisition price

$3B

Acquired by General Atlantic · Apr 2026

TEAM Services Group EBITDA multiple at acquisition

10.0x

EV/EBITDA · Apr 2026

Cumulative funding TEAM Services Group raised

$100M

across 1 funding round

Key investors in TEAM Services Group

  • HarbourVest Partners
  • Hamilton Lane
  • Alpine Investors
  • Pantheon Ventures

TEAM Services Group Overview

About TEAM Services Group

TEAM Services Group provides employment and home care services for seniors and people with disabilities, operating through two divisions: TEAM RMS, which serves clients of trust companies, and TEAM Public Choices, which serves beneficiaries of state-sponsored disability and aging programs. Formed by Alpine Investors in 2015, the company has grown nationwide, increasing gross revenue from $85.2 million to $671.5 million over five years while expanding from 1,500 to more than 20,000 clients and scaling its workforce from about 2,944 to nearly 32,000 employees. TEAM has also expanded through partnerships, including its addition of 24 Hour Home Care, a Los Angeles-based provider of non-medical home care serving seniors and individuals with intellectual and developmental disabilities across California, Arizona, and Texas.


Founded

2003

HQ

United StatesSan Diego, CA

Status

Acquired

Customer focus

B2C

Revenue model

Services

Valuation

$3B (acquired Apr 2026)

TEAM Services Group Acquisition

TEAM Services Group was acquired by General Atlantic for $3B on 8 April 2026.

The acquisition price implies a 10.0x EBITDA multiple.

Before the acquisition TEAM Services Group had raised $100M across 1 funding round.

TEAM Services Group acquisition details
AcquirerDateTypePriceEV/EBITDA
  • General Atlantic
8 Apr 2026PE buyout$3B10.0x

TEAM Services Group Funding History

TEAM Services Group has raised a total of $100M across 1 funding round.

TEAM Services Group funding rounds

TEAM Services Group funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2021Undisclosed stageHamilton Lane (lead); HarbourVest Partners (lead); Pantheon Ventures (lead); Alpine Investors$100MTEAM Services Group is a leading provider of employment services and home care services for seniors and people with disabilities, operating through two divisions: TEAM RMS serving clients of trust companies and TEAM Public Choices serving beneficiaries of state-sponsored disability and aging programs. Formed by Alpine Investors in 2015 through partnership with TEAM RMS and led by CEO Josh Greenberg, the company has expanded nationwide. In January 2021, TEAM raised $100 million in additional equity capital as part of a $362 million single asset secondary market transaction led by HarbourVest Partners, funds managed by Neuberger Berman, Pantheon Ventures, and Hamilton Lane, alongside new and existing Alpine Fund V investors. This continuation fund structure allowed Alpine to continue its investment while providing capital for future growth initiatives, including new partnerships and expansion in home care. From 2015 to the time of the transaction, TEAM achieved strong growth, increasing gross revenue from $85.2 million to $671.5 million over five years, growing organically at an average of 13% annually, completing partnerships with over 30 organizations, expanding clients served from 1,500 to over 20,000, and scaling employee headcount from 2,944 to 31,936. The funding supports ongoing pursuit of partnership opportunities to further empower clients and expand impact in the home care sector, building on a track record of strategic leadership and nationwide scaling.

Who has invested in TEAM Services Group?

4 investors have backed TEAM Services Group across its funding rounds, including HarbourVest Partners, Hamilton Lane, Alpine Investors and Pantheon Ventures.

Lead investors include Hamilton Lane, HarbourVest Partners and Pantheon Ventures.


TEAM Services Group Investors

Investors in TEAM Services Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Hamilton LaneUnited StatesPhiladelphia, PA1LeadJan 2021
Pantheon VenturesUnited KingdomLondon1LeadJan 2021

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Acquisitions by TEAM Services Group

TEAM Services Group has acquired 3 companies to date.

Last acquisition by TEAM Services Group was on October 14th 2021. TEAM Services Group acquired 24 Hour Home Care for undisclosed valuation.


Latest Acquisitions by TEAM Services Group

24 Hour Home Care
Ameribest Home Care
Circle of Life
Description
24 Hour Home Care is a California-headquartered provider of in-home caregiving services across 13 offices nationwide. The company delivers non-medical support including personal care assistance, companionship, dementia care, and respite services, employing caregivers trained through partnerships with certified programs.
Ameribest Home Care is a Pennsylvania-based Medicare-certified agency specializing in home health and personal care services, particularly for Home and Community Based Services waiver programs that enable elderly and disabled individuals to stay at home.
Circle of Life is a Little Falls, Minnesota-headquartered home care agency specializing in hospice, palliative care, and home health services for Native American communities across central and northern Minnesota. Medicare- and CHAP-certified, it employs registered nurses, licensed practical nurses, home health aides, social workers, and chaplains to deliver culturally sensitive care on reservations including Mille Lacs and White Earth. The agency supports patients with chronic conditions, terminal illnesses, and bereavement counseling through interdisciplinary teams.
HQ CountryUnited StatesUnited StatesUnited States
HQ City
-
Philadelphia, PA
Minneapolis, MN
Deal Date14 Oct 20213 Oct 201931 May 2019
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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TEAM Services Group Competitors

TEAM Services Group competitors include listed companies like ABM Industries, MITIE Group and Wuchan Zhongda Group Co, and private ones like Foundever, Thumbtack and MB2 Dental Solutions.

Public and private companies comparable to TEAM Services Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ABM IndustriesUnited StatesUnited StatesPublicly listed$8.7B$422M$2.9B0.5x
FoundeverUnited StatesMiami, FLPrivate--$3.2B-
ThumbtackUnited StatesSan Francisco, CAPrivate$400M-$3.2B-
MB2 Dental SolutionsUnited StatesDallas, TXPrivate-$300M$3.5B-
MITIE GroupUnited KingdomUnited KingdomPublicly listed$7.5B$385M$3.6B0.6x
Wuchan Zhongda Group CoChinaChinaPublicly listed$89B$1.5B$3.8B0.1x

TEAM Services Group Public Comps

TEAM Services Group is no longer listed, but its public comps include ABM Industries, MITIE Group, Wuchan Zhongda Group Co, Badger Infrastructure, Target Hospitality, Grupo GPS, Wintech Nano (Suzhou) Co, Alliance Laundry Systems, UniFirst and Open Up Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ABM Industries$8.7B$422M0.5x0.5x11.0x8.5x
MITIE Group$7.5B$385M0.6x0.6x11.1x8.4x
Wuchan Zhongda Group Co$89B$1.5B0.1x0.1x8.5x7.3x
Badger Infrastructure$832M$184M2.9x2.6x13.1x10.6x
Target Hospitality$321M$36M6.5x5.1x58.4x22.2x
Grupo GPS$3.4B$436M0.7x0.7x5.3x6.4x
Wintech Nano (Suzhou) Co$79M$34M24.9x-58.0x-
Alliance Laundry Systems$1.7B$382M3.5x3.4x15.7x12.9x

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Common questions about TEAM Services Group

When was TEAM Services Group founded?TEAM Services Group was founded in 2003.
Where is TEAM Services Group headquartered?TEAM Services Group is headquartered in San Diego, CA, United States.
Is TEAM Services Group publicly listed?No, TEAM Services Group was acquired by General Atlantic in April 2026.
Who acquired TEAM Services Group?TEAM Services Group was acquired by General Atlantic in April 2026.
How much was TEAM Services Group acquired for?TEAM Services Group was acquired for $3B in April 2026.
How much funding has TEAM Services Group raised?TEAM Services Group has raised $100M across 1 funding round.
What was TEAM Services Group's last funding round?TEAM Services Group's last funding round was a $100M undisclosed-stage round in January 2021, led by Hamilton Lane, HarbourVest Partners and Pantheon Ventures.
Who are TEAM Services Group's investors?TEAM Services Group's investors include Hamilton Lane, Pantheon Ventures, Alpine Investors and HarbourVest Partners.
Which companies are comparable to TEAM Services Group?Companies comparable to TEAM Services Group include ABM Industries, Foundever, Thumbtack, MB2 Dental Solutions, MITIE Group and Wuchan Zhongda Group Co.
How many companies has TEAM Services Group acquired?TEAM Services Group has acquired 3 companies, including 24 Hour Home Care, Ameribest Home Care and Circle of Life.

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