We are pleased to announce the sale of TLC Companies (“TLC”) to an affiliate of SE Capital Partners, LLC.

TLC, based in Brooklyn Center, MN, is the nation’s largest provider of outsourced human resource services, including payroll processing, workers compensation insurance and other employee benefits for the transportation industry.

This sale is the culmination of a successful partnership between High Street Capital and TLC’s management, along with co-investors Cohesive Capital Partners, Marquette Capital Partners and Merion Investment Partners.

Tim Coughlin, TLC’s President and CEO, noted, “With assistance and guidance from High Street Capital, we successfully grew TLC’s revenue and profitability, refined our pricing practices, improved our new client underwriting process, and expanded our suite of services for small and mid-sized transportation firms.”

The sale of TLC Companies marks the second exit for High Street Capital IV. We are actively seeking new investment opportunities for High Street Capital V, in the areas of outsourced business services, niche manufacturing and value-added distribution. High Street Capital V is a $165 million fund raised in 2018. Please contact us for businesses with revenues between $10 million and $100 million where the combination of our capital, experience and ideas could drive future growth.

High Street Capital was advised by Fidus Partners and Perkins Coie on the transaction.