High Street Capital has put an undisclosed amount of money into The TLC Companies. The firm invested alongside the company’s management team, and Cohesive Capital Partners, to fund growth efforts and provide liquidity for its owners, the firm said in a written statement. TLC is based in Brooklyn Center, Minn., and provides outsourced human resource services for the transportation industry.
High Street Capital is pleased to announce its investment in The TLC Companies (“TLC”). High Street Capital partnered with TLC’s CEO Tim Coughlin and other members of the management team along with Cohesive Capital Partners, to fund the company’s growth plan and provide liquidity for its owners. High Street Capital will be working closely with the management team to acquire additional clients, expand TLC’s service offering and grow the company through a combination of organic initiatives and add-on acquisitions.
TLC, headquartered in Brooklyn Center, Minnesota, is the nation’s largest provider of outsourced human resource services for the transportation industry. TLC’s service offering includes payroll processing, benefits administration, workers compensation and unemployment claims management, employee screening, and safety and risk management. TLC currently provides services to over 12,000 individuals in over 1000 client worksites. Additional information is available at www.TLCcompanies.com.
About High Street Capital
High Street Capital is an experienced, operationally-oriented lower middle market buyout firm. The firm looks to acquire, recapitalize, and provide growth capital to outsourced business services, niche manufacturing and value-added distribution & logistics companies in the Central U.S. with revenues of $10 to $100 million. High Street is actively seeking new investment opportunities for its fourth investment fund.