Patina has been acquired by Teamshares

Washington, DC (April 24, 2025) – FOCUS, a leading middle-market investment banking firm providing merger, acquisition, divestiture, and corporate finance advisory services, is pleased to announce that it advised Patina, an eight-store retailer serving the Twin Cities, on its sale to Teamshares, an employee ownership platform.

Founded by Rick Haase and Christine Ward, Patina has grown to eight locations across the Twin Cities area. Following the transaction, the company is on a path toward employee ownership, with management remaining local.

As part of the transaction, Liz Barrere was appointed Chief Executive Officer of Patina. Barrere previously served as President of Maple Grove-based Illume and has experience in brand management and product development with Dayton’s and Target.

The transaction provides a path for Haase and Ward to transition out of the business while allowing Patina’s employees to continue to grow, develop, and thrive.