Capital for Business ® (“CFB”), St. Louis, MO; and Northcreek Mezzanine (Northcreek), Cincinnati, OH announced that Greg Sink has been selected as the President and CEO of Talkaphone, LLC (Talkaphone). Talkaphone is the industry’s leading designer and manufacturer of security and life safety communication products and solutions.
Samuel Shanes, who served as CEO of Talkaphone for the past 14 years, has announced his retirement after over 50 years at this iconic company. Shanes said, “Talkaphone has always been focused on a future of growth and development. Greg is the right person, at the right time, and this is the right company for him. I am absolutely confident in turning over the leadership of our historic company to him.”
Founded in Illinois in the 1930s, starting out as a record player manufacturer, Talkaphone evolved with the demands of World War II by producing intercom systems for both military and civilian needs. More than 80 years later, the company continues to be a top manufacturer of life safety communication solutions for customers in 40 countries worldwide.
Talkaphone announced on December 28, 2017, that it was joining forces with CFB and Northcreek to accelerate its organic growth, as well as provide the opportunity to grow through acquisitions. Steve Broun, Managing Director of CFB explained that “The latest appointment of a new President and CEO is part of the strategy that will take the company to the next level. We believe that by providing our management team with the right resources and tools, we can broaden Talkaphone’s set of core competencies to expand product offerings for our customers.”
Sink said, “I am honored, humbled, and blessed to have been chosen to write the next chapter in the history book of Talkaphone. I look forward to working with the talented team of employees, quality products and technologies to innovate next-generation solutions. This is an exciting time for the company as we continue to serve our customers in the safety and security market.”
Speaking on behalf of the Managing Partners, Broun said, “We are excited about the growth opportunities ahead of us and believe we have a strong management team in place to execute the company’s strategic vision.”
With over 80 years of experience creating communication solutions, Talkaphone designs attractive, robust, reliable products, focuses on continuous technology advancements and pledges a total commitment to customers and partner success. Talkaphone combines world-class communication products with cutting-edge technology to provide superior performance, safety, and value. Talkaphone manufactures ADA compliant Emergency Communication Systems, Mass Notification Systems, Area of Rescue/Refuge Systems, and Access Control Systems for Educational, Corporate, Commercial and Government needs. Its products are available through major channel partners both in the United States and around the world. For more information, please visit: www.talkaphone.com
About Capital for Business:
Capital For Business® is a national private investment firm focused on providing capital to businesses with proven management teams and a high potential for growth. The CFB investment team over their long successful history, have invested in more than 80 companies across a wide range of niche manufacturing, distribution, consumer, commercial, and service markets throughout the United States. For more information, please visit: www.cfb.com
About Northcreek Mezzanine:
With more than 75 years of combined experience, Northcreek Mezzanine provides both mezzanine debt as well as equity capital to privately-held and family businesses. Northcreek Mezzanine is a licensed debenture fund through the Small Business Investment Company (SBIC) program and invests in a wide range of businesses, industries, transactions types, geographic markets, and capital structures. Since its founding in 2010, Northcreek has invested in 41 companies and manages in excess of $245 million of capital. For more information, please visit: www.northcreekmezzanine.com
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