Dallas and Cleveland, May 15, 2025 | Align Collaborate is pleased to announce it completed an equity investment in Teague Electric (“Teague” or the “Company”) in partnership with IX Capital Partners (“IX Partners”). Headquartered in Kansas City, Teague is a full-service provider of residential, commercial and industrial electrical services. The new partnership is designed to fuel a combination of organic growth initiatives and strategic acquisitions, positioning Teague as a platform for broader regional expansion.
Founded 47 years ago, Teague has built a reputation for delivering high-quality workmanship and reliable service to builders, businesses and homeowners alike. Much of Teague’s success stems from its technician-centric culture that is focused on developing the best electricians in the industry and creating career-long development paths across a variety of specialties and end-markets. This tradition will continue alongside Teague’s long-tenured leadership who will remain in place to lead day-to-day operations.
“Our team has always been focused on building on Teague’s heritage,” shares Ryan Bealmear, President of Teague Electric, “and this partnership will strengthen our ability to grow our customer relationships and build a team that can take Teague into its next chapter of growth. Extending our business by acquiring other like-minded companies has been an interest for some time, and we’re excited for IX Partners to help us realize that outcome.”
“This business has been a cornerstone in its community for decades,” said Julian Buegers, Partner at IX Partners. “Teague’s commitment to technical excellence and people-first culture closely aligns with our firm’s values. We’re honored to continue building on that legacy.” Steven Nestor, also a Partner at IX, added, “The Company’s stellar reputation and solid operating foundation make Teague an ideal platform for growth, and we’re excited to be working alongside Teague’s talented team.”
Grant Kornman, Partner at Align Collaborate, added, “We’re excited to support IX Partners in this investment and believe Teague is well positioned to grow across the Company’s core region.”
Teague is looking to acquire electrical services companies with strategic and cultural alignment in the Kansas City market and across neighboring regions. Focused on technical expertise, individual career growth and durable business performance, Teague is a great fit for electrical services companies in search of accelerated growth opportunities, stability and a company culture with high employee satisfaction.
Principal Kurt Smentek and Associate Cian Kelly worked alongside Grant Kornman on the transaction for Align Collaborate.
About Teague
Founded in 1978, Teague Electric has grown to become one of the largest and most trusted electrical contractors in the Kansas City area. With over four decades of experience, Teague Electric delivers comprehensive residential, commercial, underground, security and automation services, all backed by a commitment to quality workmanship and customer satisfaction. For more information, visit www.teagueelectric.com.
About IX Capital Partners
IX Capital Partners is a private investment firm based in Kansas City focused on investing in and growing durable lower middle-market businesses. The firm partners with experienced management teams to drive long-term value through strategic growth, operational improvements, and active engagement. For more information, visit ix-partners.com.
Disclosures: This press release is not an offer to sell securities or interests in any fund managed by Align Collaborate or Align Capital Partners. The statements quoted above were made by persons who are not clients of Align Collaborate or Align Capital Partners and they have not received compensation for the above statements