Celero Commerce Acquires Precision Payments to Expand Footprint in North America

Celero Commerce, one of the fastest-growing financial services firms in Tennessee, has announced the acquisition of Precision Payments, an electronic payments technology provider based in Sarasota, Florida. This strategic acquisition is expected to propel Celero's annual card processing volume across North America beyond $28 billion. Precision Payments, founded in 2009, is known for delivering electronic payment solutions primarily targeted at small and mid-sized businesses. The acquisition enhances Celero's presence within the multi-lane retail industry and enables it to expand its network of sales professionals across North America. Joel King, founder of Precision, emphasized that joining Celero will give their clients access to a broader array of innovative offerings that will facilitate their business growth. Kevin Jones, CEO of Celero, echoed these sentiments by highlighting the synergistic effect of combining high-tech solutions of both firms. This move is indicative of Celero's ambition to solidify its standing as a premier fintech company focused on small and medium-sized businesses. The transaction underlines Celero's commitment to leveraging technology and strategic partnerships to offer comprehensive electronic commerce solutions and enhance business profitability. This press release was issued jointly by Celero and Precision, with backing from LLR Partners, which supports Celero's efforts to expand its market reach.