IX Capital Partners has made an investment in Teague Electric, a provider of residential, commercial, and industrial electrical services. Co-investing in this acquisition alongside IX Capital was Align Collaborate.
Teague Electric’s product and service offerings include residential wiring and automation, commercial buildouts, industrial and underground installations, and security system integrations. Customers of the company include homeowners, general contractors, builders, and businesses, particularly in new construction and renovation projects across the greater Kansas City metropolitan area.
Headquartered near Kansas City in Overland Park, Teague Electric was founded in 1978 by Harold Teague and today is led by President Ryan Bealmear.
“Our team has always been focused on building on Teague’s heritage,” said Mr. Bealmear. “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, a partner at IX Capital. “Its commitment to technical excellence and people-first culture closely aligns with our firm’s values. We’re honored to continue building on that legacy.”
IX Capital Partners invests in U.S.-based founder-led, lower middle-market companies with annual revenues of $3 million to $50 million and EBITDA from $500,000 to $5 million. The firm’s sectors of interest are varied, but it prefers companies operating in growing and fragmented sectors with low capital investment requirements. The Kansas City, Missouri-headquartered firm was founded in 2024 and is led by Partners Julian Buegers and Steven Nestor.
“Teague’s stellar reputation and solid operating foundation make the company an ideal platform for growth, and we’re excited to be working alongside Teague’s talented team,” said Mr. Nestor.
Dallas and Cleveland-based Align Collaborate was launched by Align Capital Partners (ACP) in October 2023 to provide equity capital to lower-middle market sponsors executing deal-by-deal investments. ACP founded Align Collaborate in partnership with independent sponsor investors, Grant Kornman and Michael Kornman. Align Collaborate’s sweet spot is $5 million to $30 million of equity per transaction in platform companies that have between $2 million to $15 million of EBITDA.
“We’re excited to support IX Partners in this investment and believe Teague is well positioned to grow across the company’s core region,” said Grant Kornman, a partner at Align Collaborate.
Post-closing, Teague Electric will continue to be led by President Ryan Bealmear. Both IX Capital and the company are seeking strategic acquisitions across the Kansas City region and adjacent markets.
© 2025 Private Equity Professional | May 15, 2025
