Tag: precise systems growth
Precise Systems Announces Acquisition of JHT
Extends Precise Systems’ support for the training and simulation mission
Lexington Park, MD and McLean, VA, March 18th, 2024 – Precise Systems, Inc., a portfolio company of Bluestone Investment Partners, is pleased to announce the acquisition of Jardon & Howard Technologies, Inc. (JHT) in a transaction that closed February 16, 2024.
Based in Orlando, Florida, JHT is a leading provider of advanced training and simulation solutions for clients across the Department of Defense, including the Army, Navy, and other agencies throughout the federal government. In support of these customers’ training requirements, JHT develops interactive courseware, virtual training simulations, and human performance improvement tools such as Interactive Electronic Technical Manuals.
The foundation of JHT’s advanced training capabilities is its proxSIMity® simulation framework which includes the proxSIMity® Advanced Touch System, a proprietary library of gestures used in 2D and 3D training environments deliverable on touch-screen devices. JHT developed this advanced training technology in partnership with the government through the Small Business Innovation Research (SBIR) program. In recognition of the importance of proxSIMity® to the training mission, JHT has been awarded eight SBIR Phase III contracts and has enabled customers to rapidly access JHT’s training capabilities using sole-source, direct-award contracting methods under the Federal Acquisition Regulations.
“I am excited to welcome the JHT employees to Precise,” said Scott Pfister, President, and Chief Executive Officer of Precise Systems. “This acquisition significantly enhances our capabilities across a number of high-priority clients and accelerates our strategy to expand into new markets. JHT and Precise make an extremely powerful combination and our combined capabilities allow us to scale for a promising future.”
JHT’s founder Jim Jardon added, “Since starting JHT over 30 years ago, I have had the privilege of working with exceptional clients and wonderful employees in building a great company. I am excited to see JHT’s continued growth as part of the Precise Systems platform and look forward to seeing the company bring training solutions to new customers responsible for developing and fielding advanced systems.”
The acquisition of JHT is Precise Systems’ second acquisition since commencing its partnership with Bluestone in January 2023. The company recently announced the acquisition of Excet, Inc., a Springfield, Virginia-based provider of scientific research and engineering services to DoD clients. Precise Systems is combining the capabilities and experience of both Excet and JHT to bring a broader range of solutions and deeper expertise to its core customers.
About Precise Systems
Precise Systems, a solutions-driven company, demonstrates a strong commitment to supporting the warfighter’s needs through innovation and expert consultation. It leverages its highly skilled workforce to provide top-notch service, focusing on various aspects of defense systems, including network and weapons systems acquisition, maintenance, modernization, and sustainment programs. The company’s expertise spans Digital Transformation, Advanced Engineering, Physical Sciences Research, Platform Lifecycle Support, and Technical Services, ensuring comprehensive support for defense programs at every stage of their lifecycle. One of Precise Systems’ key strengths lies in its ability to manage complex customer needs effectively. By offering tailored solutions and exceptional service, the company consistently meets and exceeds customer expectations. With a track record of success and a commitment to excellence, Precise Systems continues to be a trusted partner in advancing defense capabilities and supporting the warfighter’s mission.
Media Contact: Kristina “Nina” McKeaver | (240) 317-5360 | KMckeaver@GoPrecise.com
About Bluestone Investment Partners
Bluestone is a private equity firm investing exclusively in lower middle-market companies in the defense and government services arena. Bluestone’s principals have a long and successful track record owning, operating, investing in, and advising companies in the defense and government services sector.
Precise Named to Inc.’s 2024 Mid-Atlantic Region’s Fastest-Growing Private Companies
For a third consecutive year, Precise Systems Lands on Inc. Magazine’s List of the Mid-Atlantic Region’s Fastest-Growing Private Companies.
LEXINGTON PARK, MD, February 27, 2024–Inc. magazine today revealed that Precise Systems has landed on its fourth annual Inc. 5000 Regionals: Mid-Atlantic list, the most prestigious ranking of the fastest-growing Mid-Atlantic private companies, based in the District of Columbia, Delaware, Maryland, North Carolina, Virginia, and West Virginia. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Mid-Atlantic economy’s most dynamic segment– its independent small businesses.
The companies on this list show a remarkable rate of growth across all industries in the Mid-Atlantic region. Between 2019 and 2021, these 135 private companies had an average growth rate of 154.26 percent; by 2023, they’d added 14,110 jobs and $5.2 billion to the Mid-Atlantic region’s economy.
Complete results of the Inc. 5000 Regionals: Mid-Atlantic, including company profiles, and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/mid-atlantic starting February 27, 2024.
“The honorees in our Inc. 5000 network are the Who’s Who of private companies. They’re energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they’ll be impacting things for a while,” said Eric Hagerman, Special Projects Editor at Inc. Media.
About Precise Systems
As a solutions-based company, Precise Systems is focused on innovation in support of the warfighters and aligning our expertise to deliver the highest quality of service. Powered by our highly skilled workforces, we provide expert consultation on network and weapons systems acquisition programs, maintenance/modernization programs, and sustainment programs with solutions in Digital Transformation, Advanced Engineering, Physical Sciences Research, Platform Lifecycle Support, and Technical Services. Since our establishment, we have demonstrated and perfected our ability to manage the customer’s needs, no matter how complex – offering exceptional service and the Precise solution.
Contact:
Nina McKeaver
kmckeaver@goprecise.com
http://www.goprecise.com
More about Inc.and the Inc. 5000 Regionals
Methodology
The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.
The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
Precise Systems Announces Acquisition of Excet, Inc.
Enhances and expands Precise Systems’ capabilities for Army and Navy customers
LEXINGTON PARK, MD and MCLEAN, VA, NOV 21st, 2023 – Precise Systems, Inc., a portfolio company of Bluestone Investment Partners, is pleased to announce the acquisition of Excet, Inc. (Excet) in a transaction that closed Friday, November, 10, 2023.
Founded in 2005, Excet is a Springfield, Virginia-based provider of scientific research and engineering services to the Department of Defense. The company offers physical sciences research to the U.S. Army and U.S. Navy through multiple contract vehicles. Excet supports customers at the Naval Research Lab (NRL) in Washington DC, the Army Research Lab in Edgewood, MD, and the Naval Air Station in Key West, FL, among other locations. Excet has proven expertise in Chemical, Biological, Radiological, Nuclear, and Explosives (CBRNE) threat assessment, biotechnology, chemistry, corrosion control, alternative energy, threat agent sciences, synthetic biology, and canine olfaction.
“The addition of Excet’s capabilities enhances our solutions-based service offerings to our customers,” said Scott Pfister, President and Chief Executive Officer of Precise Systems. “Since our partnership with Bluestone Investment Partners began in January 2023, one of our key strategic initiatives has been to find acquisition targets that complement and advance Precise’s capabilities principally in support of the Department of Defense. Excet is a perfect fit to do just that.”
Rich Matuszko, the founder of Excet, noted, “The Precise Systems team shares our commitment to serving our customers, first and foremost. The larger platform of Precise will give us the support and scale to help us continue growing and delivering for the customer.”
Excet boasts over 100 employees of whom over 40 percent possess advanced degrees in engineering, chemistry, biology, and related disciplines. Excet’s team will be joining Precise Systems and continuing to execute physical sciences research. With the addition of Excet, Precise Systems now has over 1,000 employees supporting customers across the United States.
Bluestone Investment Partners completed its investment in Precise Systems in January of this year, commencing a partnership to help the company continue its rapid growth. Excet represents the first acquisition for Precise Systems since Bluestone invested.
About Precise Systems
As a solutions-based company, Precise Systems is focused on innovation in support of the warfighters and aligning our expertise to deliver the highest quality of service. Powered by our highly skilled workforces, we provide expert consultation on network and weapons systems acquisition programs, maintenance/modernization programs, and sustainment programs with solutions in Digital Transformation, Advanced Engineering, Physical Sciences Research, Platform Lifecycle Support and Technical Services. Since our establishment, we have demonstrated and perfected our ability to manage the customer’s needs, no matter how complex, offering exceptional service and Precise solutions.
Media Contact: Kristina “Nina” McKeaver | (240) 317-5360 | KMckeaver@GoPrecise.com
About Bluestone Investment Partners
Bluestone is a private equity firm investing exclusively in lower middle-market companies in the defense and government services arena. Bluestone’s principals have a long and successful track record owning, operating, investing in, and advising companies in the defense and government services sector.
For the 6th Time, Precise Systems Appears on the Inc. 5000, Ranking No. 3978 With Three-Year Revenue Growth of 78 Percent
Inc. Magazine Reveals Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000
NEW YORK, NY, August 17, 2021 — Inc. magazine today revealed that Precise Systems is No. 3978 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Our recognition amongst the nation’s fasting growing companies can be attributed to the incredible team we have, and our obsessive focus on our principal core values; “delight the customer” and “put people first”. We are honored and humbled to be part of such a prestigious group of companies for the 6th year in a row,” says Scott Pfister, Precise Systems President & Chief Operating Officer
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
About Precise Systems
Precise Systems is a Service-Disabled Veteran-Owned Business currently working for the U.S. Navy, U.S. Marine Corps, and U.S. Air Force. Our core competencies include Program Management, Advanced Engineering, International Program Support, Software Solutions, Integrated Logistics, Technical Services, Model-Based Systems Engineering, Training, Electronic Warfare, Information Technology, and Security.
We were founded in 1990, and since our establishment, we have been providing cutting-edge solutions and support to our warfighters. Additionally, we understand and provide expert consultation on network and weapons systems acquisition programs, maintenance/modernization programs, and sustainment programs. For over 30 years, Precise Systems has demonstrated and perfected our ability to manage any task, no matter how difficult or complex.
CONTACT: Nina McKeaver, Engagement Specialist, kmckeaver@GoPrecise.com
More about Inc. and the Inc. 5000
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.