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Press releases > Generational Group Acquires Majority Stake in Tech Services Firm Precocity

Generational Group Acquires Majority Stake in Tech Services Firm Precocity

By Generational Group

Feb 1, 2022, 09:30 et
Precocity

Generational Group, a leading middle market investment bank and advisory services firm for privately held businesses, is pleased to announce it has backed a management-led buy-out in tech consulting firm Precocity. The transaction and partnership was finalized on February 1, 2022 with Precocity’s parent company, Chenega Corporation. The acquisition will allow Generational to add technology solutions to its growing suite of advisory services.

The addition of technology services is a natural extension for Generational, whose purpose is to make a difference in the lives of its clients. Digital challenges facing companies today can be daunting and difficult to navigate, and Precocity will enable Generational to help business owners by providing innovative technology solutions.

Located in Dallas, Precocity is a consultancy focused on software/data engineering, AI/machine learning, web/mobile development, and UX research and design. The company’s passionate team of technologists create and deliver value to clients through the use of cutting-edge technologies, providing solutions to problems born out of today’s digital age. Precocity helps some of the world’s leading brands harness data, technology and creativity to rapidly transform great ideas into digital experiences.

Precocity’s services include: Cloud Solutions and Software Engineering; Data Science and Modern Data Platforms; UX/UI and Customer Experience; and Web and Mobile Development.

Tim Doll, President & CCO of Precocity stated, “We are very pleased to be joining a leading organization like Generational Group. From our very first meeting, we were impressed with their dedication to their clients’ success and their awareness that success in today’s environment includes harnessing vital technology platforms. Most importantly, we have core value alignment, and we look forward to helping the Generational team provide stellar service to its clients.”

President & CEO of Generational, Ryan Binkley, said, “This is a significant day for Generational and our clients. As a growing professional services and advisory firm, our reputation is built on meeting the needs of our clients. Whether they are looking to grow or eventually exit, we recognize the major role technology plays in building a successful business. That is why we are excited to partner with the experienced team at Precocity, whom we look forward to working with for years to come. Together, we are confident that we will build the leading middle market technology consulting practice.”

He added, “Our investment in Precocity will help them reach the next level of growth and development to meet the growing demand for their services. The team that Tim has brought together is truly world-class and we are very excited to invest in their future as they join our firm.”

Precocity’s executive staff and team will all be retained to help Generational provide critical technology solutions and services to its client base of business owners throughout North America.

About Generational Group

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of Generational Group, which is headquartered in Dallas, Texas and is one of the leading middle market investment banks in North America.

With more than 250 professionals located throughout 16 offices in North America, the companies help business owners capitalize on the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their multi-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named Generational Group the Investment Banking Firm of the Year, three years in a row and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

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Terry D. Wickman, President, Keytroller
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers
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Bryan D. Horn, Owner, Over Under Clothing
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Larry Moore, Owner, A Company Portable Restrooms
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.
Shenille Engelhart, Owner – CLS Technology
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.
Karen S. Williams, CFO, BW Manufacturing
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.
Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.
Bil MacLeslie, CEO, ipHouse
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.
Robert Evans, President and CEO of Mealtracker Dietary Software
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software