Reservoir and Periscope Equity Join Forces for Growth
Reservoir Communications Group has announced an exciting new investment partnership with Periscope Equity, harnessing the strengths of both firms. Reservoir, a prominent health care consultancy, is based in Washington D.C. while Periscope Equity operates out of Chicago, focusing on fostering founder-led, technology-enabled service businesses.
This partnership is set to accelerate Reservoir's ongoing growth trajectory and scalability. Established in 2014, Reservoir has expanded its expertise significantly in advocacy, corporate communications, and market readiness. The firm has been instrumental in supporting innovative health care brands, trade associations, and non-profits navigate complex challenges and achieve their objectives.
Enhancing Technology and Support Services
With the support of Periscope Equity, Reservoir plans to leverage new opportunities that will enhance its technological capabilities and infrastructural framework. The objective is to improve staffing support, which is vital for addressing the multifaceted public affairs, business, and policy needs of Reservoir’s diverse clientele.
Robert Schooling, the Founder and President of Reservoir, expressed enthusiasm for the partnership, stating, "The Periscope team shares our mission and vision in delivering best-in-class strategy, counsel and execution to our clients. They embody the Reservoir culture, making them perfect partners for this next exciting chapter." This collaborative spirit aligns with their mutual desire to bring purpose-driven work to a larger scale.
The Strategic Value of Partnership
John Findlay, a Partner at Periscope, remarked on Reservoir's growth, noting, "Reservoir's growth is a testament to the differentiated value proposition it offers to clients facing the most challenging issues in health care. We're thrilled to collaborate with Robert and the entire team as they expand their reach and trajectory further." This approach emphasizes the commitment both firms have toward enhancing health care services.
The collaboration underscores the importance of a strong network of operational and commercial support that can drive substantial returns on investment. It is evident that each organization understands the significance of aligning with management teams to optimize success.
Supporting Expertise and Legal Framework
As they embark on this new journey, it's important to note the support they receive from financial and legal advisers. Clearsight Advisors acted as the exclusive financial advisor for the investment process, while Pillsbury Winthrop Shaw Pittman LLP provided essential legal counsel to Reservoir. This underscores the strategic planning that has gone into ensuring the partnership's success.
About Reservoir Communications Group
Reservoir Communications Group stands out as a leading health care consultancy. The firm is dedicated to helping clients navigate the most significant challenges related to business, advocacy, policy, and reputation. Its proactive approach works to identify opportunities and deliver effective solutions, ensuring clients are well-prepared for the evolving landscape.
About Periscope Equity
Periscope Equity, based in Chicago, is recognized as a private equity firm that collaborates with founder-led, technology-focused service companies. Since launching in 2012, Periscope has built a solid reputation for investing in mission-critical services that offer sustainable profitability and pathways for accelerated growth. They focus on providing operational support to enhance management outcomes, aiding businesses in achieving their aspirations.
Frequently Asked Questions
What is the primary goal of the partnership?
The primary goal is to accelerate Reservoir's growth and enhance service delivery through improved technology and support.
Which firms are involved in this partnership?
Reservoir Communications Group and Periscope Equity are the two firms involved in this partnership.
When was Reservoir founded?
Reservoir was founded in 2014, focusing on health care consultancy and related services.
What kind of support is Reservoir expecting from Periscope?
Reservoir expects operational and commercial support from Periscope to drive growth and manage business operations effectively.
Who provided legal and financial counsel during the investment process?
Clearsight Advisors served as the financial advisor, while Pillsbury Winthrop Shaw Pittman LLP handled legal counsel.
