Periscope Equity Invests in Welfare & Pension Administration Service (WPAS)

Rainier Partners Acquires Welfare & Pension Administration Service (WPAS)

December 19, 2024

Professional Services

Rainier Partners has completed a platform investment in Welfare & Pension Administration Service (WPAS), a Mercer Island, Washington–based third-party administrator (TPA) specializing in Taft-Hartley multi-employer benefit plan administration. The transaction represents a sale by Periscope Equity and will provide WPAS with capital and operational support to scale its services and serve more multi-employer trusts nationwide.

Periscope Equity Recapitalizes MAS Medical Staffing

June 8, 2021

Healthcare Services

Periscope Equity completed a recapitalization of MAS Medical Staffing LLC, partnering with management as the first platform investment from Periscope Equity II. MAS is a tech-enabled medical staffing agency based in New Hampshire that serves long-term care, acute, and home-based care markets via its MAESTRA marketplace platform and will use the partnership to expand geographically, accelerate technology development, and pursue strategic acquisitions.

Periscope Equity Invests in Praecipio Consulting

October 26, 2021

IT Services

Periscope Equity made a platform investment in Praecipio Consulting, an Austin-based Atlassian-focused IT and business process consulting firm, to support accelerated growth and future acquisitions. Periscope will provide capital and strategic support to scale Praecipio's Agile, DevOps, and ITSM consulting capabilities for enterprise customers.

Grow Capital, Inc. Acquires Public Employee Retirement Assistance (PERA)

August 11, 2020

Financial Services

Grow Capital, Inc. (OTCPK: GRWCD) has executed a stock exchange agreement to acquire 100% of Public Employee Retirement Assistance, LLC (PERA), a Nevada-headquartered third-party marketing organization that schedules retirement planning appointments between state-licensed representatives and public employees. The acquisition adds PERA's appointment-generation technology and network of over 5,000 advisors to Grow Capital's fintech group and includes an equity consideration structure tied to a $10.0M exchange-share calculation plus potential earn-outs.

Periscope Equity Acquires Allen Technologies from Greyrock Capital Group

December 11, 2018

Cloud & SaaS

Chicago-based private equity firm Periscope Equity has acquired Allen Technologies, Inc., an Austin, Texas-based provider of in-room patient engagement SaaS, from Greyrock Capital Group. Periscope said it will invest in Allen’s technology and pursue expansion into new healthcare provider markets.

Periscope Equity Makes Growth Investment in Reservoir Communications Group

November 13, 2024

Healthcare Services

Chicago-based private equity firm Periscope Equity has entered an investment partnership with Reservoir Communications Group, a Washington, D.C.-based healthcare consultancy, to accelerate Reservoir's growth and scale. The partnership will support investments in technology, infrastructure, and staffing to expand Reservoir's public affairs, corporate communications, and market-readiness capabilities.