Tecum Capital Partners, L.P. (“Tecum”) has partnered with Management and Periscope Equity (“Periscope”) to recapitalize Convergent Integrated Systems Inc. (“CISCOR”). Periscope led the transaction while Tecum and Kian Capital provided the debt financing and an equity co-investment. The Company’s former owners, Sam and Cynie Youngwirth, have reinvested back into the Company and will remain the lead operators at CISCOR to drive future growth.
“We are very optimistic on the industry tailwinds facing the senior living facility market and the ability for Periscope to add value through their investment focus and experience with tech-enabled business services companies.” noted Stephen Gurgovits, Jr., Managing Partner of Tecum.
The investment was led by Matt Harnett, Tecum Partner, and Matthew Steve, Tecum Vice President. The entire Tecum team is excited to work with the Youngwirth’s, Periscope, and Kian Capital post-close, and will seek to add value.
CISCOR, founded in 1982 and headquartered in Norman, Oklahoma, is a provider of life safety monitoring, notification, and emergency call solutions. The Company’s services provide senior care facility operators with an integrated monitoring, communications and management system for situations that may pose immediate or imminent risk to an individual’s health, safety or life. CISCOR currently serves facilities in all 50 U.S. States and 6 Canadian Provinces. To learn more about CISCOR, visit www.ciscor.com