Quad-C has sold TLC Companies 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.

Quad C TLC Companies High Street Capital 2012 Connect with a Senior Team Member

Meet our Senior Team

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.