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Nautic Partners Recapitalizes Leading Reseller Of Avaya Voice And Data Communications Systems

Providence, RI

Nautic Partners, LLC, a private equity firm with more than $1.8 billion of capital under management, today announced that it has made a significant investment in North American Communications Resource, Inc. (NACR), a leading Value Added Solution Provider (VASP) of Avaya voice and data communications systems to corporations. Nautic’s investment was made in partnership with NACR’s management to recapitalize the Company and position the business for continued rapid growth. Tom Roles, NACR’s CEO, retained a substantial equity interest and will continue to lead the Company. Other terms of the transaction were not disclosed.

Founded in 1993, NACR focuses on the design, installation, and sale of complex voice and data solutions to a diverse customer base of mid-sized and large corporate customers. NACR is Avaya’s largest business partner in the world.

Bernie Buonanno, a Managing Director of Nautic Partners, said, “The Company has achieved remarkable organic growth in the past few years, and we look forward to working with CEO Tom Roles and his management team who have fostered a strong, performance-oriented culture. We see potential to build upon the NACR platform through strategic acquisitions as well as organic growth through expansion of service and maintenance offerings.”

Nautic and NACR also announced that John Stuart has agreed to join NACR as Chairman of the Board. Stuart is the former President and CEO of IKON Office Solutions, a leading office products company that grew from $250 million in revenue to a $4 billion global company during his tenure.

Since its founding, Nautic Partners has made a significant number of acquisitions in the business services sector. These transactions, which have taken the form of leveraged buyouts, management buyouts, and leveraged recapitalizations, include such companies as Contec Holdings, a provider of cable set-top box repair and maintenance services, Corporate Lodging Holdings, a provider of contract lodging management services, and MACTEC, Inc., a provider of integrated engineering and environmental consulting services. NACR is Nautic Partners’ primary platform investment in the enterprise communication services space.

About North American Communications Resource, Inc. (NACR)

Headquartered in Eagan, Minnesota and launched in 1993 with only five employees, NACR has grown to more than 370 employees and 55 locations across the country. As the largest Avaya certified dealer worldwide, NACR has the comprehensive solution approach, technical expertise, and world-class facilities to meet business needs for everything from converged platforms to ongoing maintenance and repairs. For more information visit www.nacr.com.