TZP Group Exits Total Military Management

New York, NY – April 20, 2015 – TZP Group announced the exit from its investment in Total Military Management (TMM), a non-asset-based provider managing military personnel relocations. Headquartered in Jacksonville, Florida, TMM serves the fragmented $2.5 billion U.S. military moving and storage sector, handling approximately 300,000 annual relocations for active-duty service members and their families.

TMM operates as a technology-enabled logistics provider, leveraging sophisticated systems, operating infrastructure, and a global network of service providers to coordinate domestic and international military household relocations. Founded in 2003 by Matt Connell, the company established itself as a leading outsourced provider in the military relocation space.

Harris Newman, Managing Director at TZP, said the business "successfully evolved during its partnership with TZP and the transaction reflects the very essence of our firm's strategy." Matt Connell, TMM's President, praised TZP as "a tremendous partner for TMM over the past three years," noting the company's success under the partnership.

Kent Stermon, COO and CFO, said "TZP has proven to be a trusted and valuable partner" whose support enabled significant business improvements.

Harris Newman, Kyle Squillario, and Ian Handsman represented TZP on the transaction. Piper Jaffray advised TMM, with Kirkland & Ellis providing legal counsel.

TZP Group, founded in 2007 with over $600 million in assets under management, focuses on North American business and consumer services investments. TMM coordinates U.S. military and government household relocations using technology-enabled, asset-light service delivery.