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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