News from the Wire

Celero Commerce acquires Precision Payments

Thursday, November 14, 2024 — 14:11:06 (EST)

NASHVILLE, Tenn., November 14, 2024—Celero Commerce ("Celero"), Tennessee’s fastest- growing financial services firm (INC 500), today announced the acquisition of Precision Payments (“Precision”), an electronic payments technology provider headquartered in Sarasota, FL. With the addition of Precision, Celero’s annual card processing volume across North America is expected to exceed $28 billion.

Founded in 2009, Precision is a leading provider of electronic payment solutions for small and mid-sized businesses, committed to customized solutions and white-glove customer service. Precision strengthens Celero’s presence within the multi-lane retail industry and broadens its network of sales professionals serving local communities across North America.

"Throughout our 15-year journey, we have remained focused on helping local businesses thrive," said Joel King, founder of Precision. "Joining Celero provides our clients with access to an expanded range of innovative products and services that will improve our ability to support their growth."

Celero founder and CEO Kevin Jones added, “I am excited to welcome the Precision team to Celero as we continue to build America’s premier SMB-focused fintech company. High-tech, high-touch solutions are at the heart of both Celero and Precision’s success, and our alignment will help fuel faster, more sustainable growth for our clients.”

About Celero Commerce

Headquartered in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading-edge technology, strategic partnerships, and business intelligence. Celero offers small and medium-sized businesses payment processing services, business management software, and data intelligence, empowering them to drive growth and profitability. Celero is a top ten non-bank processor of electronic payment transactions in the world. Visit www.celerocommerce.com/ to learn more.

About Precision Payments

Based in Sarasota, Florida and Wesbrook, Maine, Precision Payments is a leading credit card processor and merchant services company which specializes in affordable, reliable business solutions. Known for its elite customer service, Precision signs merchants for the long haul, helping small and mid-sized businesses grow through the never-ending opportunities and challenges they face each day.

Contact

Celero Commerce

Scott Farace, Chief Marketing Officer scottf@celerocommerce.com 972-533-5655

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Source: Company press release.