High Street Capital has partnered with the TLC Companies’ CEO Tim Coughlin and other members of the management team plus Cohesive Capital Partners, to fund the TLC’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.
