TELEO CAPITAL COMPLETES SIGNIFICANT GROWTH EQUITY INVESTMENT IN TEESNAP
Los Angeles, CA – (May 5, 2021) TELEO Capital Management, LLC (“TELEO”) announced a significant growth equity investment in Teesnap, LLC (“Teesnap or the Business”), a golf course operations management software platform. TELEO will be partnering with existing shareholder, Allegiant Travel Company (“Allegiant”), to invest in product and go-to-market initiatives.
Teesnap provides cloud-based software and services to golf courses. The Business offers a full suite of software solutions and managed services that help golf courses save time, create better experiences for their customers, and gain a competitive advantage through big data and smarter business intelligence. This includes point of sale, tee sheet management, online bookings, billing, managed marketing, inventory management and employee services. Teesnap is headquartered in Las Vegas, NV and services golf courses across the United States. For additional information, please visit www.teesnap.comAbout TELEO Capital Management
TELEO Capital is a lower middle market private equity firm that looks to invest in opportunities where its strategic thought, operational resources and capital base empower management to perform and execute their business plan. With over 100 years of collective private equity experience, we bring a successful track record of executing corporate carve-outs, recapitalizing broken balance sheets, acquiring founder-owned companies, as well as buy and build strategies for our portfolio companies. TELEO targets opportunities in the technology & software, healthcare IT, business services and industrial sectors. The firm is based in Boise, ID and Los Angeles, CA.For additional information, please contact Matt Oehlmann at firstname.lastname@example.org or visit our website at www.teleocapital.com About Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's all-Airbus fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtFFor additional information, contact: Allegiant Media Relations, 702-800-2020 email@example.com
The firm is headquartered in Boise, ID. For additional information, please visit www.teleocapital.com or contact Matt Oehlmann at firstname.lastname@example.org