Theorem Ranch, owned by Jason Itkin and Kisha Itkin, has acquired Teton Ridge’s renowned TR9 Ranch and Equestrian Facility, a world-class Western performance property located in Parker County, Texas.
Designed by horsemen to support elite training, seamless horse care, and large-scale events, the ranch blends modern performance capability with the feel and function of a working Western ranch.
Icon Global broker Don Bell emphasized the impact of the acquisition on the Western performance community.
“The Itkins have already proved that their passion and commitment to the Western equine sports industry is strong rooted,” Don Bell said. “Parker County could not have found a better family to expand the efforts already put forth on this iconic property. It will be fun to watch their program unfold.”
Spanning hundreds of acres, TR9 Ranch was built as a fully integrated performance destination, with multiple indoor and outdoor arenas, advanced cattle-handling systems, purpose-built conditioning and recovery spaces, and spectator-friendly viewing areas that allow fans to experience Western performance sports up close—while preserving a horse-first environment.
Kisha Itkin shared Theorem’s commitment to the future of the property.
“We are committed to maximizing this ranch’s potential,” Kisha Itkin said. “We believe this ranch will be a key component of our plan to help grow Western performance sports. The elite facilities will provide unique opportunities for horses, trainers, riders, and fans. The possibilities are endless.”
The facility was designed to host premier competitions, demonstrations, and industry events—bringing together tradition, innovation, and community. Its scale allows multiple disciplines to operate simultaneously, positioning it as one of the most advanced and flexible Western performance facilities ever built.
Read about the Teton Ridge dispersal sale
Bridging Texas & Montana
The Itkins, who split time between Texas and Montana, view the expansion into Parker County as a meaningful continuation of Western heritage.
Jason Itkin reflected on the historical connection between the two regions.
“For generations, cattle drives between the two states shaped ranching traditions, horsemanship skills, and shared values that defined the American West,” Jason Itkin said. “By linking these two properties, we plan to celebrate that legacy while helping increase the nation’s appreciation for Western culture.”
As owners of the $23.2 million sire Stevie Rey Von, the Itkins believe the ranch will create new opportunities for both longtime industry participants and new fans discovering the sport.
Kisha Itkin underscored Theorem’s long-term vision.
“Through Theorem Ranch and this incredible facility, we look forward to honoring the tradition, hard work, and values that make Western performance sports so great, while sharing unforgettable experiences with the public that will last a lifetime,” Kisha said.
Bringing Performance Sports to the Next Level
Under Theorem’s ownership, TR9 Ranch will operate as a performance institute focused on elite training, horsemanship development, and long-term equine welfare across disciplines.
To lead this effort, legendary horseman Todd Bergen has been named General Manager of Theorem Ranch Texas.
He spoke to the significance of the opportunity ahead.
“By combining this ranch, this legendary team, and the Itkin’s vision, we have the chance to build something truly special and lasting for our industry,” Bergen said. “I plan to work tirelessly to make sure the ranch reaches its full potential—by doing right by the horses, supporting the trainers and riders who come here, and building a place that stands for excellence, integrity, and long-term impact in the Western performance sports.”
Theorem also announced that three-time World’s Greatest Horseman Champion Corey Cushing, NCHA Hall of Famer and two-time futurity winner Craig Thompson will train outside horses at the ranch, giving owners access to world-class facilities and the program advancements planned by Theorem.
Theorem Ranch emphasized its focus on intentional, long-term growth within the Western performance industry, noting that additional details will be shared in the coming months.