D.C.-based Reservoir Communications Group and Periscope Equity announce investment partnership
Reservoir Communications Group, a D.C.-based health care consultancy, announced an investment partnership with Periscope Equity, a Chicago-based private equity firm that partners with founder-owned, technology-enabled business services companies.
According to a release, the partnership between Reservoir and Periscope “is designed to accelerate Reservoir’s growth and scale. Since Reservoir’s founding in 2014, the firm has continued to expand its issue and skill-based expertise across advocacy, corporate communications and market readiness, particularly among innovative health care brands, trade associations and non-profit organizations.
“As part of this next phase of growth, Reservoir and Periscope will capitalize on opportunities to bring enhanced technology, infrastructure, and staffing support to continue meeting the complex and pressing public affairs, business and policy needs of Reservoir’s clients.”
“The Periscope team shares our mission and vision in delivering best-in-class strategy, counsel and execution to our clients. They also embody the Reservoir culture and believe in the value of bringing our purpose-driven work to scale. They are the ideal partners for this next exciting chapter,” said Robert Schooling, Reservoir’s founder and president.
“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 excited to be working with Robert and the full team to expand the firm’s reach and trajectory as Reservoir continues to grow,” said John Findlay, Periscope Partner.
Prior to founding Reservoir, Schooling, pictured above, was the Chief Advocacy and Alliance Development Officer for WellPoint, Inc. (now Elevance Health), one of the nation’s leading health benefits companies. Prior to joining WellPoint, Schooling was President, Americas, for APCO Worldwide, a global public affairs and strategic communications firm.
