- September 26, 2016
Tecum Capital Partners (“Tecum”) is excited to announce its first transaction with Periscope Equity (“Periscope”) of Chicago, Illinois. Tecum also partnered with Kian Capital Partners (“Kian”) to provide mezzanine debt and an equity co-investment to support Periscope and Management on the recapitalization. CISCOR is a provider of life safety monitoring, notification, and emergency call solutions and is headquartered in Norman, Oklahoma. Sam and Cynie Youngwirth will remain closely involved with CISCOR going forward serving as managers of the Company.
CISCOR has been a trusted service provider to assisted living facilities across the United States and Canada for the last 34 years. CISCOR’s emergency monitoring solutions provide facility managers and staff with an integrated monitoring, communications and management system for situations that pose immediate or imminent risk to an individual’s health, safety or life. Under the continued leadership of the Youngwirth’s, CISCOR will continue to deliver the exceptional level of service that their clients have come to expect.
Periscope has significant experience in technology-enabled service companies, which should prove valuable in taking CISCOR to the next level of growth. They were a great team to partner with on this deal and we look forward to supporting their efforts to grow CISCOR’s business. Kian was also an excellent partner in this deal, as they have been in the past. We expect their experience in technology-enabled businesses to complement Periscope’s strength in this space.