23 September 2020 2 Min Read
Press Release: New Capital Partners Announces Investment in Precision
BIRMINGHAM, Ala., September 23, 2020 – New Capital Partners (NCP) announces today that it has partnered with Precision Business Solutions, LLC (Precision), a leading data analytics provider serving the professional supply market.
NCP is a private equity firm with an established track record of partnering with founder-led companies in sectors where they can be value-added partners.
Founded in 2001 by Colin Campbell, and based in Dallas, Texas, Precision leverages a proprietary data asset to deliver critical solutions to their customers that drives incremental growth and profitability. Precision’s current portfolio includes Global 1,000 companies from a variety of industries, including manufacturers, wholesalers, distributors, and retailers.
“We are pleased to partner with Colin and his management team to realize the comprehensive vision he has established for Precision,” said Adam Cranford, Managing Director at NCP. “Precision is experiencing rapid growth, and NCP is well-positioned to provide additional support to expand technology, data collection, and commercialization efforts. The Precision team has done an outstanding job building the premier product suite in the sector as evidenced by broad use with the top Professional and Consumer brands in the world.”
Colin Campbell, President and Founder of Precision, said, “We are excited to partner with New Capital Partners to invest in the further development of Precision’s syndicated market data, channel sales analytics, and cleanroom products and services to better serve our valued partners in North America, Europe, and throughout other parts of the world. NCP’s experience in big data and professional markets, plus their company culture, is a great fit. The Precision team and I look forward to working together with our new partners at NCP.”
About Precision
Precision provides recurring informatics solutions to the top Professional and Consumer brands in the world. Precision leverages a proprietary data asset to deliver innovative sales and marketing solutions that enable their clients to maximize return on investment and achieve their incremental growth and profitability goals.
For more information, visit: https://precisioncorp.net/.
About New Capital Partners
New Capital Partners (NCP) is a private equity firm comprised of former operators headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. Leveraging its extensive operational experience, NCP helps create significant value in portfolio companies by cultivating true partnerships with management teams and focusing on one core goal: Building Great Companies.
For more information, visit: https://newcapitalpartners.com/