Poppí……a lover boi retweeted
I love a little healthy attachment. Call me because you miss my voice. Come sit next to me because you want to be close. Bother me a little. 😩😩
This is terrible news for the people fr…
🚨 BALTIMORE CRAB CAKE INSTITUTION PAPPAS SOLD TO NEW YORK FINANCIAL TECHNOLOGY COMPANY AFTER 50 YEARS
Pappas Seafood Co., a Maryland institution famous for its crab cakes, has been sold to New York-based Teamshares for an undisclosed amount, ending decades of family ownership.
▪️ NEW OWNER: Teamshares acquires small businesses with a stated goal of transitioning ownership to employees.
▪️ EMPLOYEE OWNERSHIP: Workers receive an initial 10% stake. Teamshares aims for 80% employee ownership within 20 years.
▪️ FIVE LOCATIONS: The deal includes Pappas’ restaurant and seafood operations, including its Perry Hall distribution facility.
▪️ FAMILY TRANSITION: Steve Pappas will remain involved during the transition, potentially retiring within two years.
▪️ WHAT CHANGES: Teamshares plans to appoint a new president, improve operations and pursue profitability. Pappas says customers should expect the same restaurants and crab cakes.
The real test: Can a national investment company preserve the quality and identity that made this family-owned Maryland business successful?
SOURCE: The Baltimore Banner, October 19, 2026.

























