Middle-market investment bank Generational Group has purchased the tech consulting firm Precocity. The transaction with Precocity’s parent company, Chenega Corp., was finalized on February 1.
Precocity’s focus is on software and data engineering, machine learning, web and mobile development, and UX research and design. Through the use of cutting-edge technology, the company provides customers with services for digital-age problems, and this service aligns well with Generational’s goals of helping business owners and providing technology services. The transaction will enable Generational Group to add technology services to its suite of advisory services.
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.”