Copper Conferencing Adds On

Copper Conferencing, a Broomfield, Colo.-based provider of conference calling services to small and medium-sized businesses, has acquired San Diego-based The Conference Depot for $11 million. NewWest Capital Partners provided equity to sponsor the deal, while subordinated debt was provided by Bush O'Donnell Capital Partners.

PRESS RELEASE 

Copper Conferencing has acquired competitor The Conference Depot of San Diego, CA for $11 million in an asset transaction.   Copper Conferencing is a switch-less provider of conferencing services to small and mid-sized businesses.  Copper Conferencing's service offering includes reservation-less audio conferencing, operator-assisted audio conferencing, web conferencing and special event calls.  The acquisition was funded with equity capital provided by NewWest Capital Partners of Denver, CO and subordinated debt provided by Bush O'Donnell Capital Partners of St. Louis, MO.

“This acquisition of The Conference Depot solidifies our position as a best in class provider of conferencing services to the small business market segment,” said Brad Dupee, President and CEO of Copper Conferencing.   

“We are very excited about our partnership with Copper Conferencing and believe the Company offers a compelling value proposition to its business customers.  Brad Dupee has broad expertise in the industry and personifies the type of CEO that NewWest seeks to partner with,” said Dan Arenberg, General Partner of NewWest Capital Partners.

About NewWest Capital Partners

NewWest Capital Partners is a private equity firm headquartered in Denver, Colorado. NewWest seeks to acquire a controlling interest in smaller businesses located throughout the West and Midwest.  NewWest Capital also provides capital for business acquisitions and growth financings. NewWest invests alongside experienced management teams whose values and objectives are closely aligned with NewWest's goal of building long term value. The NewWest family of private investment funds was established in 1998.

About Bush O'Donnell Capital Partners

Bush O'Donnell Capital Partners of St. Louis, Missouri, is a subordinated debt and equity investor, managing two debenture SBICs, Eagle Fund I and Eagle Fund II.  Eagle's funds have approximately $250 million of capital committed to supporting companies with junior capital needs of between $2 and $10 million.  Bush O'Donnell was founded in 1988, and it began managing Eagle at its formation in 2004.  Information about Bush O'Donnell may be found on its website at www.bushodonnell.com.

About Copper Conferencing

Based in Broomfield, Colo., Copper Conferencing provides enhanced conference calling services to small and medium-sized businesses. From on-demand reservation-less audio conference calls, to highly-interactive web conferences and special event calls, Copper helps businesses improve the speed and effectiveness of remote decision making. These services are backed by fully managed, carrier-class platforms to power communication for thousands of customers. Copper's leadership team brings over 50 years of industry experience and has created a successful channel-centric sales approach which includes wholesale partners and authorized agents and internet sales programs.  For more information about Copper Conferencing, visit the company's website at www.copperconferencing.com.