Thompson Street Capital Partners Completes Sale of RecruitMilitary
Deal News | Feb 28, 2025 | Thompson Street Capital Partne
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, Missouri, has announced the sale of RecruitMilitary to its management team. While financial terms remain undisclosed, the transaction marks a significant milestone for both parties. TSCP, under the stewardship of Managing Director Matt Scherrer, had been instrumental in supporting the growth and mission of RecruitMilitary — a company dedicated to facilitating the transition of military personnel to civilian employment. RecruitMilitary, headquartered in Chesapeake, Virginia, provides a suite of services designed to link military job seekers with potential employers. These include placement services, career fairs, a job board, and managed services for veteran hiring programs. Tim Best, CEO of RecruitMilitary, highlighted the intrinsic mission of connecting veterans with meaningful career opportunities and the influential role TSCP played in advancing their reach and capabilities. As the company moves forward, the management, now at the helm, is determined to further enhance its contributions to veterans and partner employers.
Sectors
- Private Equity
- Human Resources & Recruitment
Geography
- United States – Thompson Street Capital Partners is based in St. Louis, MO, and RecruitMilitary is headquartered in Chesapeake, VA, indicating the geographical focus of the entities involved is the United States.
Industry
- Private Equity – The article involves Thompson Street Capital Partners, a private equity firm, which indicates a focus on investment and fund management activities.
- Human Resources & Recruitment – RecruitMilitary operates in connecting military personnel with civilian employment opportunities, positioning itself within the HR and recruitment industry.
Financials
- Undisclosed – The financial terms of the sale of RecruitMilitary were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thompson Street Capital Partners | Seller | Company | A private equity firm based in St. Louis, MO, involved in the sale of RecruitMilitary. |
| RecruitMilitary | Target Company | Company | A company that connects military personnel with civilian job opportunities, based in Chesapeake, VA. |
| Tim Best | CEO | Person | CEO of RecruitMilitary, leading the company into its next growth phase. |
| Matt Scherrer | Managing Director | Person | Managing Director at Thompson Street Capital Partners who played a role in the transaction. |