Talkaphone Partners With Private Equity Funds
Talkaphone joined forces with two Midwestern private equity funds: Capital For Business (“CFB”), St. Louis; and Northcreek Mezzanine (Northcreek), Cincinnati. Talkaphone is a designer and manufacturer of security and life safety communication products and solutions.
All current employees and management of Talkaphone are continuing with the company, and dedicated to the newest phase in the company’s development. Samuel Shanes, CEO of Talkaphone, and
Steve Broun, managing director of CFB, jointly addressed the Talkaphone’s employees around the country with this 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, the company stated in a press release. 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, 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.”
Steve Broun, managing director of CFB, said, “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.”
Broun continued, “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.”