SE Capital Partners (with Berggruen) Acquires TLC Companies from High Street Capital
March 3, 2019
SE Capital Partners, in partnership with single-family office Berggruen Holdings, has acquired TLC Companies, a Brooklyn Center, Minnesota-based provider of outsourced HR services to the transportation industry. The seller was High Street Capital (with co-investors Cohesive Capital Partners, Marquette Capital Partners and Merion Investment Partners); the transaction represents a change-of-control buyout to support a platform build in the niche PEO/payroll market.
- Buyers
- SE Capital Partners, LLC, Berggruen Holdings
- Targets
- TLC Companies
- Sellers
- High Street Capital, Cohesive Capital Partners, Marquette Capital Partners, Merion Investment Partners
- Industry
- Staffing & HR
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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