Investment Summary

Shore Capital Partners and Resolute Capital Partners Invest In Tandem HR

On January 27, 2021, private equity firms Shore Capital Partners and Resolute Capital Partners invested in business services company Tandem HR

Investment Highlights
  • This is Shore Capital Partners’ 3rd and Resolute Capital Partners’ 2nd transaction in the Business Services sector.
  • This is Shore Capital Partners’ 36th and Resolute Capital Partners’ 17th transaction in the United States.
  • This is Shore Capital Partners’ 8th and Resolute Capital Partners’ 3rd transaction in Illinois.
Investment Fate
  • Tandem HR was sold to a strategic buyer in 2024.
  • Tandem HR was sold to a strategic buyer in 2024.

Investment Summary

Date 2021-01-27
Target Tandem HR
Sector Business Services
Investor(s) Shore Capital Partners
Resolute Capital Partners
Deal Type Stake Purchase

Target

Tandem HR

Westchester, Illinois, United States
Tandem HR is a nationwide, full-service HR technology and solutions leader servicing small, mid-size, and enterprise companies. The company is currently comprised of four brands Tandem HR, a professional employer organization (PEO) offering HR outsourcing solutions, two leaders in highly customized brokered benefits for groups and individuals, benefit solutions group and alliance workplace solutions, and workplace solutions, a provider of comprehensive employee assistance programs (EAP). Tandem HR was founded in 1998 and is based in Westchester, Illinois.

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Investor(S) 2

Investor

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $100 million in sales and $1 to $10 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 64
Sector (Business Services) 3 of 9
Type (Stake Purchase) 5 of 10
State (Illinois) 8 of 16
Country (United States) 36 of 63
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 360Pack

Vancouver, Washington, United States

360Pack is a privately held custom packaging solutions provider. 360Pack is based in Vancouver, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Together Women’s Health

Grosse Pointe, Michigan, United States

Together Women’s Health is a network of gynecologic and obstetric care providers headquartered in Grosse Pointe, Michigan. Together Women’s Health offers a full suite of women’s health services from its dedicated team of board-certified physicians, certified nurse midwives, and other healthcare professionals, including laboratory services, skincare & rejuvenation, and mammography, in addition to traditional OB/GYN services. Together Women’s Health is based in Grosse Pointe, Michigan.

Buy -
DESCRIPTION

Resolute Capital Partners is a private equity firm that invests in a variety of industries and situations across the US. Resolute Capital Partners is based in Nashville, Tennessee.


DEAL STATS #
Overall 17 of 25
Sector (Business Services) 2 of 3
Type (Stake Purchase) 3 of 3
State (Illinois) 3 of 5
Country (United States) 17 of 25
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 QuickVisit Urgent Care

Henderson, Texas, United States

QuickVisit Urgent Care is a provider of healthcare across rural America. QuickVisit’s scope of services includes the treatment of fractures, lab work, occupational health, infection treatment, X-rays, vaccines and more. QuickVisit Urgent Care was founded in 2020 and is based in Henderson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Together Women’s Health

Grosse Pointe, Michigan, United States

Together Women’s Health is a network of gynecologic and obstetric care providers headquartered in Grosse Pointe, Michigan. Together Women’s Health offers a full suite of women’s health services from its dedicated team of board-certified physicians, certified nurse midwives, and other healthcare professionals, including laboratory services, skincare & rejuvenation, and mammography, in addition to traditional OB/GYN services. Together Women’s Health is based in Grosse Pointe, Michigan.

Buy -