Columbia West Capital - Transaction Case Study
CWC Closes Televerde Transaction

Columbia West Capital, LLC is pleased to announce that it has completed the leveraged recapitalization for Televerde.    The majority of the entity will be owned by James Hooker, who has served as Televerde's President and CEO for the last 15 years, and other senior members of the management team. In addition to broader management team ownership, the transaction provides an additional capital base to fund the growth of the company.  

Televerde is headquartered in Phoenix, AZ and provides sales-lead services to Fortune 500 IT hardware and software companies. Televerde's core services include lead generation, customer prospecting, and data improvement.  The transaction size was not announced.   

Columbia West Capital was the exclusive financial advisor to Televerde and sourced the capital to fund the transaction from Main Street Capital.  "Many firms investing in the lower middle market have struggled to source debt capital in today's market, so investors capable of providing a total capital structure solution with both debt and equity such as Main Street have a big advantage", said Kaley Parkinson, Managing Director of Columbia West Capital.   

Televerde began in 1995 in a portable facility with a stack of phone books, and under Jim Hooker's leadership has grown into a business-to-business outsourced demand creation agency helping over 300 Fortune 500 and middle market companies identify new customers, accelerate sales opportunities, and discover market insight.  "We believe our new partner will provide us with the additional capital resources necessary to further grow our business, reward the managers key to our success and continue to serve our customers and our community," said Jim Hooker. "I was very pleased with Columbia West Capital's ability to bring us multiple competitive offers in a challenging environment."