Talkaphone partners with two private equity funds
Talkaphone is partnering with two Midwestern private equity funds: Capital for Business (CFB), based in St. Louis, Missouri, and Northcreek Mezzanine (Northcreek), based in Cincinnati, Ohio.
All current employees and management of Talkaphone are continuing with the company.
The company says these partnerships will enable Talkaphone to accelerate its organic growth through acquisition.
Samuel Shanes will remain CEO of Talkaphone, as well as a member of the Board of Managers, which will include Talkaphone management, CFB and Northcreek.
“The timing aligns just right for the company as Talkaphone plans to expand its current product line in the access control space,” said Bob Shanes, vice president, sales, Talkaphone.
“Sam, Bob and the rest of the Talkaphone team have built an impressive company whose unique culture and dedicated employees are responsible for its leadership and success in the industry,” said Steve Broun, managing director, CFB. “We believe that by providing our management team partners with all the tools and resources they need, we can broaden Talkaphone’s set of capabilities, increase its scale and expand product offerings for our customers — we look to take the company to another level.”