May 6, 2025

Overland Park, KS – IX Capital Partners, a Kansas City-based private investment firm, today announced a growth investment in Teague Electric, a full-service provider of residential, commercial, and industrial electrical services. The investment marks a strategic partnership between IX Capital Partners and Teague to support the Company’s next chapter of strategic growth. Co-investment was provided by IX Partners’ committed funds and Align Collaborate, a flexible equity investor dedicated to supporting sponsors that raise capital deal-by-deal and high-growth potential companies.

While Teague’s long-tenured leadership will remain in place to lead day-to-day operations of the Company, the partnership with IX Partners will fuel a combination of organic growth initiatives and strategic acquisitions, positioning Teague as a platform for broader regional expansion. One of the Company’s immediate priorities is 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 Electric has established an ideal home for electrical services companies in search of accelerated growth opportunities, stability, and a company culture with high employee satisfaction.

“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.”

Founded 47 years ago, Teague Electric has built a reputation for delivering high-quality workmanship and reliable service across residential, commercial, and new construction markets. Its long-standing relationships, strong brand presence, and skilled workforce have made it a trusted partner to builders, homeowners, and businesses alike. Equally important, 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 business has been a cornerstone in its community for decades,” said Julian Buegers, Partner at IX Capital Partners. “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.” Steven Nestor, also a Partner at the firm, added, “Its 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. Teague’s strong market position, deep customer relationships, and outstanding team make it an ideal platform for long-term growth.”

The investment in Teague Electric is part of IX Capital Partners’ broader strategy to invest in and grow founder-led, lower middle-market businesses with resilient models, committed teams, and opportunities for scalable value creation.

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 www.ix-partners.com.

About Teague Electric
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. Visit www.teagueelectric.com for more information.

About Align Collaborate
Align Collaborate is an equity fund dedicated exclusively to investing with lower-middle market sponsors who raise their investment capital deal-by-deal. The firm provides flexible capital to build enduring companies. Learn more at www.aligncollaborate.com.

Media Contact:
Steven Nestor
Partner, IX Capital Partners
steven@ix-partners.com