Brown: Constant Private Equity Flipping Destabilizes Operating Companies
Mike Brown · Teamshares IPO: $60M EBITDA, 92 Companies, Zero Exits · More or Less Podcast · Jun 17, 2026 · at 47:58
Mike Brown, CEO of Teamshares, contrasts his firm's permanent ownership model against private equity sponsors repeatedly buying and flipping businesses.
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“And so you sell a business to PE with ten million of EBITDA and you sell it again at 25 and you sell it again at 75 and then a 102 hundred. So you can have business that are for sale three, four times. And that means the day you close the transaction, the company is already for sale. That's not healthy.”
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