Columbia River Partners (CRP) has announced its investment in Business Solution Partners (BSP), a software development company and certified Oracle NetSuite Solution Provider Partner focused on financial automation.
Servicing a dynamic global portfolio across verticals, BSP has SaaS implementation and customization expertise with ERP, CRM, E-Commerce, Fintech and Martech solutions for scaling organizations. In addition to their core NetSuite practice, BSP maintains strong partnerships with Workday, HubSpot, Avalara, Bill.com, Divvy, FloQast and other full-stack SaaS solutions.
David Smooha, CEO, BSP, said: “Throughout this process, Columbia River Partners has demonstrated their expertise and deep understanding of the external, internal and, most importantly, the technological drivers that shape our organization and those we serve. CRP’s focus on and familiarity with technology, especially their interest in NetSuite, stood out for us.”
By entering this partnership, BSP is excited to commit further resources to their proprietary verticalized solutions and high-value technology bundles for which the firm is known, as the opportunity to bring comprehensive technology solutions to new audiences in untapped markets.
Nathan Chandrasekaran and Pooneet Goel, Partners, CRP, added: “Through David’s leadership and dedication, BSP has grown into a leading player in the NetSuite ecosystem, plus adding new partners such as HubSpot and Adaptive. We look forward to partnering with BSP management to grow the business organically and through acquisitions.”
Centerfield Capital Partners and Everside Capital Partners provided the financial capital to support the transaction. BSP was represented in this transaction by RoseBiz and Reitler Kailas & Rosenblatt LLP. CRP was represented by Holland & Knight LLP, while Centerfield Capital Partners and Everside Capital Partners were represented by Ice Miller LLP.
About Business Solution Partners
Since 1992, Business Solution Partners has provided IT services to the middle market with a strong focus on financial systems implementation. A 25-year veteran of the SaaS Cloud Ecosystem, BSP specializes in the Oracle NetSuite ERP Platform as a Certified Solution Provider Partner. In addition to NetSuite, BSP represents a wide array of cloud software solutions across the ERP, CRM, e-Commerce, Fintech and Martech ecosystems. Clients enjoy personalized consulting leading to business process optimization when taking advantage of BSP’s four primary service areas: Implementation, custom development, software training and SaaS Support.
About Columbia River Partners
Columbia River Partners is a private equity company focused on control investments in lower-middle market companies in North America across the industrials, business services and IT services sectors. Columbia River’s experienced team of investors and executives seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.
