SE Capital Partners acquired TLC Companies.

Private equity firm SE Capital Partners acquired TLC Companies, the nation's largest transportation specific Professional Employer Organization in the United States, providing outsourced human resource services, including payroll processing, workers compensation insurance and other employee benefits for the transportation industry. Financial terms were not disclosed. "We view TLC as an impressive company with a strong management team and a dominant market share in the transportation focused PEO space," said Jeff Kvam, partner at SE Capital. "TLC serves as a great platform from which to build the marketplace for transportation company clients."