Talkaphone Partners With Funds To Reach New Heights
Talkaphone is excited to announce it is joining forces with two prominent Midwestern private equity funds
Celebrating its 83rd anniversary, Talkaphone is excited to announce it is joining forces with two prominent Midwestern private equity funds: Capital For Business ® (“CFB”), St. Louis, MO; and Northcreek Mezzanine (Northcreek), Cincinnati, OH. Talkaphone is the industry’s leading designer and manufacturer of security and life safety communication products and solutions for customers all over the world.
All current employees and management of Talkaphone are continuing with the company, and dedicated to the newest phase in this historic company’s development. Samuel Shanes, CEO of Talkaphone, and Steve Broun, Managing Director of CFB jointly addressed the Company’s employees around the country with this exciting news on December 28, 2017.
This business development will enable Talkaphone to accelerate its organic growth, as well as provide the opportunity of 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.
Bob Shanes, Vice President of Sales, very well known throughout the security industry, emphasized that this new stage of the Company will enable significant growth in his department. “The timing aligns just right for the company, as Talkaphone plans to expand its current product line in the Access Control space. More information on this exciting news will be announced before and during the ISC West 2018 show in Las Vegas this April.”
Talkaphone and the Funds agree this move is a great benefit for both parties. Steve Broun, Managing Director of CFB explained that, “We are very excited to be joining the Talkaphone team. The common denominator in all our investments is a driven, entrepreneurial, management team. CFB and Northcreek are committed to backing exceptional entrepreneurs who have the vision, drive, and talent to be leaders within their industries. And we see this clearly in everything that Talkaphone does each-and-every day.
“We understand the enormous effort required to create a successful business and stand ready to provide our assistance in strategic planning, mergers and acquisitions, customer acquisition, general business management, executive recruiting, and raising additional capital. 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. 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. We are very excited about the growth opportunities and we are confident that the combination of our efforts will lead to even greater success for Talkaphone, an iconic company in the security industry.”