Wingspire Capital provided a senior secured credit facility to Reservoir Communications Group to support the health care consultancy’s growth plans, staff expansion, and technology investments.
Wingspire Capital’s financing was in collaboration with a debt and equity investment by Avante Capital Partners, and gives Reservoir Communications Group greater liquidity, flexibility, and growth capital.
Washington, D.C.-based Reservoir Communications Group was founded in 2014 and works with health care clients to successfully navigate and make progress on complex issues while elevating their business, reputation, and advocacy opportunities and challenges.
“Wingspire Capital enjoyed working alongside Avante Capital Partners to provide capital that helps drive growth and value creation for Reservoir Communications Group,” said Ryan Jones, Managing Director at Wingspire Capital.
Reservoir Communications Group is a portfolio company of Periscope Equity, a Chicago-based private equity firm that partners with technology-powered founder-owned business services firms to help them scale and create value.