O2 Investment Partners announced that through its pool-care platform Azureon, based in Saddle Brook, it has made an investment in and partnered with Precision Pool & Spa in Fairport, N.Y. Terms of the investment were not disclosed.
Founded in 2007, Precision is a full-service pool maintenance and construction company that provides residential pool installation, renovation, maintenance and other services to customers throughout upstate New York.
“The Precision team is incredibly impressive and runs a great operation that maintains prominence throughout upstate New York,” said Kyle Chaikin, chief business development officer at Azureon.
“We are thrilled to welcome Precision to the Azureon platform as we continue to build a category-defining pool care platform in the Northeast.”
Precision marks Azureon’s 11th acquisition as the platform continues to strengthen its foothold throughout the Northeast.
“We are thrilled to join the Azureon team to pursue new avenues of growth together while continuing to provide our customers with the highest standard of pool care,” said Dave Cox, president of Precision.
“Dave Cox is a talented operator, and we look forward to partnering with him and the Precision team as we continue expanding our footprint and coverage throughout New York and the Frostbelt,” said John Tisera, CEO at Azureon.
Precision will maintain significant ownership in the platform and will have access to ample operational support, resources and technology from Azureon and its executive leadership team.
