Lincoln International Represents The TLC Companies, its Board of Directors and Quad-C Management in the Sale of the Company to High Street Capital
Lincoln International, a leading global mid-market investment bank, has announced that The TLC Companies (“TLC” or the “Company”) has been sold to High Street Capital. TLC was a portfolio company of Quad-C Management, Inc. (“Quad-C”), a private equity firm with offices in New York, New York and Charlottesville, Virginia.
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 1,000 client worksites. Additional information is available at www.TLCcompanies.com.
Lincoln International acted as the exclusive financial advisor to Quad-C and TLC’s Board of Directors, working closely with TLC’s senior management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Tim Coughlin, Chief Executive Office and President of TLC, commented, “Lincoln provided expert guidance and was an ideal partner to the executive management team of the Company throughout the entire sale process.”
About Quad-C Management
Founded in 1989, Quad-C is a private investment firm investing in well-established middle market businesses. Quad-C is an active, long-term investor across a broad range of industries, including building products, business services, consumer, energy services, food / restaurants, franchising, healthcare / medical, light industrial, packaging, specialty chemicals, specialty distribution and transportation and logistics. Quad-C has invested in over 45 platform companies and completed more than 125 transactions, valued in excess of $5.5 billion. More information about Quad-C can be obtained at www.quadcmanagement.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 and 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. More information about High Street Capital can be obtained at www.HighStreetCapital.com.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With twelve offices (three in the Americas, two in Asia, and seven in Europe) and strategic partnerships with leading institutions in China and Korea, Lincoln International has strong local knowledge and contacts in the key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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