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FOR IMMEDIATE RELEASE
ConvergeOne Welcomes New CFO
Eagan, MN, May 28, 2006 — Louis C. Berezovsky has been named Chief Financial Officer of ConvergeOne, LLC, according to John Stuart, Chief Executive Officer and Chairman of the Board. As CFO, Berezovsky is based in Eagan, MN, and reports directly to Stuart.
“Mr. Berezovsky brings exceptional operational, financial, and management accounting expertise to ConvergeOne,” said Stuart “Additionally, his leadership and experience in company acquisition activities and due diligence are a major asset to our strategy for growth.”
As CFO of ConvergeOne, Berezovsky is responsible for managing all aspects of financial planning, assessment, and reporting. That includes supervising the finance and accounting departments as well as having close, frequent contact with equity partners and banks. He is also responsible for quantifying and reporting on key drivers of financial performance, including operations, sales, and productivity.
“I am thrilled to be a part of ConvergeOne and have the chance to work with John Stuart and Nautic Partners to achieve the tremendous potential of this opportunity,” said Berezovsky.
ConvergeOne’s growth strategy entails strategic, long-term investments in developing companies that demonstrate strong viability and leadership in their industries. As CFO, Berezovsky will be involved in reviewing all acquisition candidates and play a critical role in any subsequent pricing and due diligence.
Berezovsky’s 18-plus years in finance and accounting includes nearly a decade of working in a private equity environment and the completion of 50 acquisitions. He began his career at a Minneapolis-based CPA firm and spent more than 12 years at AIR-serv, a St. Paul-based business operating tire-inflation and vacuum vending machines serving the convenience store industry. During his time at AIR-serv, the Company completed 40 acquisitions. As the CFO, Berezovsky led the acquisition and due diligence efforts before representing the Company in an investment bank-led sale process that resulted in a very successful outcome for the investors.
Berezovsky received his B.S. in accounting from the Curtis Carlson School of Management at the University of Minnesota and is a Certified Management Accountant (CMA). He and his wife, Melissa, live in Minnetonka, Minnesota and have two daughters, Hannah, 7, and Eva, 4.
Since its inception in July 2005, ConvergeOne’s acquisitions have included NACR (North American Communications Resource, Inc.), a Value Added Solutions Provider (VASP) that provides comprehensive communications systems and support, including Voice over IP (VoIP) and converged network integration, consultative services, ongoing maintenance, and repairs. Also headquartered in Eagan, NACR (nacr.com) is the largest Avaya BusinessPartner worldwide and a five-time BusinessPartner of the Year, with 55 locations across the country.
ConvergeOne also recently completed the acquisition of Combest, Inc., a leading provider in design, deployment, and management of telephony, data networking, and convergence solutions. A certified dealer of Avaya, Cisco, and Mite products, Combest is headquartered in Norcross, GA, and has additional offices in Pompano Beach, FL, and Pittsburgh, PA.
ConvergeOne made these acquisitions in partnership with Nautic Partners, LLC, a private equity firm that specializes in the business services, healthcare, manufacturing, media, and communications industries. Headquartered in Providence, RI, the firm has grown capital under management from $20 million to approximately $1.8 billion since its inception in 1986.
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