News

Nautic Partners LLC and ConvergeOne Make a Strategic Investment in NACR

07.01.05

New York, July 2005 - NACR (North American Communications Resource, Inc.) announced a new phase of its growth plan, entering into an investment agreement with Nautic Partners, LLC that will recapitalize the company and enable NACR to aggressively grow its current business. The announcement was made by NACR CEO and President Tom Roles, who will continue to lead the company. NACR is a privately held Value Added Solutions Provider (VASP). As one of Avaya's largest BusinessPartners, NACR provides corporations with comprehensive communications systems and support, including Voice over IP (VoIP) and converged network integration, consultative services, ongoing maintenance, and repairs. Nautic Partners is a leading private equity firm based in Providence, Rhode Island with $1.8 billion of equity capital under management. For its part, Nautic views the deal as a strategic investment in a highly viable, growing company that is a leader in the industry. For NACR's end customers, the agreement will ultimately put more NACR resources at their disposal and allow them to take advantage of a broader offer portfolio.

Redwood Capital served as exclusive financial advisor in this investment agreement.

About Redwood Capital
Redwood Capital Group is an investment banking firm serving the technology, communications and media industries.  The firm focuses on mergers and acquisitions and corporate finance advisory, private equity and asset management.

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