Precise Energy Products, Inc. Named Small Business of the Year by Fort Worth Chamber of Commerce Precise Energy Products has received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce. Gregg Cobb, President and Lisa Cobb, CFO accepted the award at Mayor Betsy Price’s State of the City address at the Fort Worth Convention Center March 4, 2015.
Precise was chosen from a field of 88 nominees in four categories based on number of employees. Criteria for the award are business growth and performance, sound business strategies and practices, customer service strategies, business challenges, unique and innovative approaches, and community involvement. “Participating in this process was a great opportunity for us to review and reflect on our business practices and the strength of our business operation,” said Gregg Cobb, President. “Winning the award is a testimony to our clients and the hard work of our employees.”
Precise provides equipment including Nitrogen, Cementing, Wireline, and Coiled Tubing units to the oilfield services industry. Incorporated in Texas in November 2010, Precise has supplied equipment to the US, Iraq, Nigeria, UAE, Mexico, and Australia. In 2014 Precise was named the Exporter of the Year by the SBA for both the DFW Area and Region VI covering Texas, New Mexico, Oklahoma, Arkansas, and Louisiana. In March 2015, Precise completed a 40,000 sq ft expansion which included moving corporate offices to the Historic Fort Worth Stockyards and the physical plant just north of downtown Fort Worth on Sylvania Avenue.
Additionally, Precise was featured in the March 2, 2015 Texas Edition of Forbes Magazine highlighting Texas Business Leaders.
“These outstanding businesses are models of entrepreneurial vision, courage and spirit that define Fort Worth,” said Bill Thornton, president and CEO of the Fort Worth Chamber. “Small businesses continue to drive our local and national economy, and the Chamber is committed to support their success and recognize their impact.”
More than 90 percent of the Fort Worth Chamber’s membership is made up of small businesses with fewer than 100 employees.
Each finalist was judged by a panel of Fort Worth Chamber business owners and professionals, most of them past award winners. Top entrepreneurial students from Texas Christian University’s Neeley School of Business were also among the judges.
NORTHSTAR BANK OF TEXAS is presenting sponsor of the Small Business of the Year Awards. Additional sponsors of the program are TCU’s Neeley School of Business, Tarleton State University, The Worthington Renaissance Hotel and the Fort Worth Business Press.
More information about Precise Energy Products may be found at preciseenergyproducts.com.