Periscope Equity has made an undisclosed investment in Ciscor Inc. Kian Capital and Tecum Capital Partners provided subordinated debt and an equity co-investment for the transaction while First Merchants Bank provided senior debt. Based in Norman, Oklahoma, Ciscor is a provider of life safety monitoring, notification and emergency call solutions for the assisted living facility sector.
Periscope Equity (“Periscope”), a Chicago-based private equity firm that invests in lower-middle market technology-enabled business services companies, announced that it has made a significant investment, alongside management, in CISCOR, Inc., a leading provider of life safety monitoring, notification and emergency call solutions to the rapidly growing assisted living facility market. Periscope will partner with Sam Youngwirth, Cynie Youngwirth and the current management team to expand the company’s share among the assisted living facility market.
CISCOR was founded in 1982, and the company is based outside of Oklahoma City. CISCOR’s life safety solutions coupled with its operational management capabilities delivers an integrated monitoring, communications, and management system. The Company’s broad suite of services and products includes a patented alarm acknowledgement capability, which enforces individual accountability, minimizes risk of liability, and improves overall operations for facility owners.
Periscope and the CISCOR management team will invest significantly in the Company’s emergency call solutions by augmenting its operations management capabilities via adjacent assist living facility systems and product extensions. “The CISCOR team has built an exceptional business that is mission-critical to its senior living facility customers, evidenced by the fact that the company tripled in size in the last seven years,” said Steve Jarmel, Partner at Periscope Equity. “We intend to advance that momentum by continuing to invest in research, manufacturing capabilities, technology and expanding CISCOR’s product line to meet the needs of existing and new customers.”
“We chose to partner with Periscope Equity because from our first meeting, the team demonstrated a commitment to forging a true partnership to drive CISCOR’s next stage of growth,” said Sam Youngwirth, President of CISCOR. “We are excited for the opportunity to tap into Periscope’s operational expertise and industry experience and continue to build our relationship with the Periscope team.”
The Youngwirths will continue to stay actively involved with the business by remaining in their current roles in addition to serving on the board of directors.
Kian Capital and Tecum Capital Partners provided subordinated debt and an equity co-investment, and First Merchants Bank provided senior debt to support the transaction.
About Periscope Equity
Periscope is a Chicago-based, lower-middle market private equity firm focused exclusively on investments in technology-enabled business services companies with $2 million to $5 million of EBITDA. Periscope targets companies with distinct paths of growth, differentiated service offerings, and strong cash flow generation. Providing financial capital, industry knowledge, and operational expertise, Periscope partners with proven management teams to grow businesses, both organically and through acquisitions.