Career Team, a leading provider of workforce development services and EdTech solutions, has partnered with Iron Creek Partners and Main Street Capital to enhance its growth and social impact.

Target Information

Founded in 1996 and headquartered in North Haven, CT, Career Team, LLC (referred to as “Career Team”) is a prominent provider of outsourced services, catering to regional workforce development boards as well as federally and state-funded work programs across the United States. Its affiliate, Career Edge, LLC, operates as a rapidly growing EdTech software platform delivering comprehensive learning management system (LMS) and case management software solutions. These offerings serve both existing workforce development customers and various higher education institutions. Together, Career Team and Career Edge (collectively referred to as “Career TEAM”) tackle complex social challenges, including narrowing the opportunity divide, lowering unemployment rates, and combating poverty.

Industry Overview in the United States

The workforce development industry in the United States has experienced significant growth over the recent years, driven by an expanding need for skilled workers across various sectors. As the economy continues to evolve, there's an increasing focus on developing pathways for individuals to acquire essential skills and competencies. This shift is largely influenced by technological advancements and a burgeoning demand for labor in industries such as healthcare, technology, and renewable energy.

Additionally, federal and state programs have ramped up funding and resources to support workforce development initiatives, aiming to connect job seekers with available opportunities