Shore Capital Partners Invests in Tandem Family of Companies
January 27, 2021
Strategic Partnership with HR Technology and Solutions Leader Poised for Transformational Growth
January 27, 2021 –CHICAGO–(BUSINESS WIRE)–Shore Capital Partners (“Shore”), a private equity firm focused on investments within the Healthcare and Food and Beverage industries, is pleased to announce an investment in the Tandem Family of Companies (“Tandem”).Tandem is a nationwide, full-service HR technology and solutions leader servicing small, mid-size, and enterprise companies. Tandem 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).
Powered by experienced professionals, Tandem HR has been the recipient of several awards in its 20-year history, including Best HR Companies, Top Workers’ Compensation & Disability Company, Crain’s Chicago’s Best Places to Work, Fastest 50 Growing Companies in Chicago, and numerous inclusions on the Inc. 5000 list.
Bruce Leon, Founder of Tandem, noted “We are thrilled about this partnership and how it will accelerate our growth by delivering additional value to current and new clients through investment in technology, pricing power, and expansion of products and services in the HR solutions, health and workers compensation insurance markets.”
“Tandem has a tremendous track record providing high-value, high-touch client service while expanding its geographic capabilities and customer solutions,” said Ryan Kelley, a founding Partner of Shore. “We are well-positioned to continue this path to success by investing in the transformational growth of Tandem’s products, services, and geographic reach.”
“The partnership with Shore starts the next chapter of the growth of our organization and our business and I couldn’t be any more pleased about the opportunities that lie ahead for our colleagues, clients and partners alike,” says Salo Doko, President & COO. “Through a careful process, we found in Shore the right partner to make our shared strategy of geographical expansion and profitable growth come to life”.
To support Tandem’s strategic growth plan, Shore assembled an industry-leading Board of Directors. Notably, Greg Slamowitz, the former Co-CEO and Co-Founder of Ambrose Employer Group, from 1997 through a successful sale to TriNet in 2013, has joined the board and contributed a material equity co-investment. “Shore and Tandem are excited to have Greg join the Board to help lead Tandem through a period of rapid growth and expansion,” said Mr. Kelley.
About Tandem HR
Tandem HR provides custom, high-touch Fortune 500 caliber human resources to small, mid-sized and enterprise businesses throughout the United States. By managing the administrative aspects of human resources such as payroll processing, benefits administration, compliance, risk management, employee relations etc., Tandem’s HR experts allow client executives to focus on growing their businesses. Learn more about how Tandem HR can help your business at www.tandemhr.com or call 630-928-0510 today.
About Shore Capital
Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.