Concise Capital Management (Concise), on behalf of its clients, has purchased substantially all of the equity of Nebraska Book Holdings, Inc. (NBH), which owns Nebraska Book Company (NBC) and its divisions, Campus Advisory Services and Campus Store Design, along with a controlling interest in PrismRBS.
“Our new ownership structure provides financial flexibility and stability to continue serving the higher education retail industry, while developing innovative strategies and solutions for our customers’ evolving marketplace and unprecedented challenges,” said NBH President and CEO Gary Shapiro. “I am confident in the ability of Nebraska Book, PrismRBS and our other divisions, through the dedication of our outstanding team members and the support of our customers, to continue being a leader in this industry for many years to come.”
Concise has been a long-term minority owner and board participant in NBH and recently acquired its majority interest – demonstrating their confidence in NBC’s ability to serve the higher-education marketplace.
“Having been directly involved with Nebraska Book Company and PrismRBS for almost a decade, I continue to believe in the position of the company within the college store market and support their intense focus on customer service and innovation,” said Concise Co-Founder and Portfolio Manager Tom Krasner. “The Concise team is proud to play a part in the continuing growth of the company, which has been a leader in its industry for over a century.”
Concise has also provided additional growth capital to NBC, and CIT Bank, NBC’s primary lender, has revised its terms to allow NBC and its divisions more flexibility to operate the business, purchase inventory, improve systems and manage through the uncertainty of the current COVID-19 pandemic.
Shapiro, an industry veteran and long-time NBH board member, assumed executive leadership of the company in February, joining CFO Joe Miller on the corporate executive team. Prior to joining NBH, Shapiro served as deputy executive director of the National Association of College Stores, senior vice president for intellectual property for Follett Higher Education Group, and president and CEO of the Collegiate Retail Alliance.
NBC also formally announced a number of promotions and realignment of responsibilities. David Collard has been promoted to senior vice president of sales and acquisitions; Edward Dillon has been promoted to senior vice president of sales strategy and operations; Jennifer Goetsch has been promoted to vice president of customer success and marketing; and Nichole Nobbman has been promoted to vice president, data analytics.
“These talented individuals, along with the many members of the NBH team, continue to provide strong leadership within the organization, along with great service to our customers, and I’m pleased to recognize their contributions with these promotions,” said Shapiro.
About Nebraska Book Holdings
Nebraska Book Holdings (NBH), including Nebraska Book Company, PrismRBS, Campus Advisory Services (CAS) and Campus Store Design (CSD) is headquartered in Lincoln, Neb. NBH and its divisions provide course materials, retail technology, store design services, consulting and digital solutions to more than 2,000 collegiate partners across the United States, Canada and the Caribbean. Learn more at nebook.com, prismrbs.com, campusadvisoryservices.com and campusstoredesign.com.
About Concise Capital
Concise is an SEC-registered investment adviser with more than $300 million in assets under management. Concise is based in Miami, Florida. Concise was founded in 2004 by Glenn Koach and Tom Krasner. Learn more at concisecapital.com.