Precision Camera and Video Repair, Inc. (“Precision Camera”) was the leading provider of outsourced warranty repair services performed on digital cameras and camcorders. At the time of Calvert Street’s investment, demand for extended warranties and the need for OEM and aftermarket repair services were growing rapidly due to sales of digital cameras and imaging equipment. Interested in achieving partial liquidity as well as capital to grow the business, Precision Camera’s owner-operator partnered with Calvert Street in early 2004.
Industry: Business Services
Calvert Street acquired Precision Camera to partner with management in scaling the business to meet the rapidly growing demand for its services in light of exploding digital imaging technology’s penetration of photographic markets as well as increased consolidation among digital imaging product retailers.
Value Creation Milestones