Eureka Growth Capital recapitalization of Total Military Management, a Jacksonville-based business process outsourcing company focused on the U.S. military. Madison Capital Funding LLC provided senior debt and an equity co-investment to facilitate the recapitalization.
Eureka Growth Capital (“Eureka”) is pleased to announce its partnership with management in the recapitalization of Total Military Management (“TMM”), a leading business process outsourcing company focused on the complete management of U.S. military domestic and international household relocations.
Founded in 2003 by CEO Matt Connell and headquartered in Jacksonville, FL, TMM works with carriers, agents and other service providers to manage the complexities of procuring military moves, military base transportation procedures, and the systems put in place by the Department of Defense (“DoD”) for authorization to conduct business with military base transportation offices. TMM provides its network members with logistics, administrative, and sales and marketing services to make DoD traffic more profitable for the service providers while ensuring the highest level of service is provided to military personnel and their families.
“We are excited to work with Matt Connell, COO Kent Stermon and the rest of the talented team at TMM,” said Chris Hanssens, Managing Partner of Eureka. “TMM’s rapid growth into the premier provider of outsourced services to the carriers, agents and military base shipping offices integral to the relocation of U.S. military households is a testament to the value proposition TMM brings its partners.” Jonathan Chou, a Vice President with Eureka, added, “TMM has built its impressive reputation on a history of superb project management and customer service. With its great management team and a highly scalable business model, TMM fits well with Eureka’s investment profile.”
“Eureka was the perfect fit for TMM,” stated Matt Connell. “Their business philosophy and customer focus mirrored ours. Everyone at TMM looks forward to this next chapter of our growth and the accomplishments we will achieve with Eureka as our partner.”
Madison Capital Funding LLC provided senior debt and an equity co-investment to facilitate the recapitalization.
About Eureka Growth Capital
Eureka Growth Capital is a private equity firm providing capital and trusted counsel in partnership with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka is committed to supporting exceptional management teams of businesses with $10 million to $75 million in revenue. Eureka acquires businesses in change of control transactions that bring significant ownership to the managers driving the success of the business. Eureka is also comfortable supporting these managers as a non-control investor, providing flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Growth Capital can be found at www.eurekagrowth.com.