- Companies
- TEAM Services Group
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
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
Website
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.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 8 Apr 2026 | PE buyout | $3B | 10.0x |
TEAM Services Group Funding History
TEAM Services Group has raised a total of $100M across 1 funding round.
TEAM Services Group funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2021 | Undisclosed stage | Hamilton Lane (lead); HarbourVest Partners (lead); Pantheon Ventures (lead); Alpine Investors | $100M | TEAM 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jan 2021 | ||
| 1 | Lead | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 4 TEAM Services Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |||
| HQ City | - | Philadelphia, PA | Minneapolis, MN |
| Deal Date | 14 Oct 2021 | 3 Oct 2019 | 31 May 2019 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all TEAM Services Group acquisitions and their M&A valuation multiples. Start Free Trial | |||
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $8.7B | $422M | $2.9B | 0.5x | ||
| Private | - | - | $3.2B | - | ||
| Private | $400M | - | $3.2B | - | ||
| Private | - | $300M | $3.5B | - | ||
| Publicly listed | $7.5B | $385M | $3.6B | 0.6x | ||
| Publicly listed | $89B | $1.5B | $3.8B | 0.1x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $8.7B | $422M | 0.5x | 0.5x | 11.0x | 8.5x | |||
| $7.5B | $385M | 0.6x | 0.6x | 11.1x | 8.4x | |||
| $89B | $1.5B | 0.1x | 0.1x | 8.5x | 7.3x | |||
| $832M | $184M | 2.9x | 2.6x | 13.1x | 10.6x | |||
| $321M | $36M | 6.5x | 5.1x | 58.4x | 22.2x | |||
| $3.4B | $436M | 0.7x | 0.7x | 5.3x | 6.4x | |||
| $79M | $34M | 24.9x | - | 58.0x | - | |||
| $1.7B | $382M | 3.5x | 3.4x | 15.7x | 12.9x | |||
This data is available for Pro users. Sign up to see all TEAM Services Group competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to TEAM Services Group
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




