Scoop: Precision Strategies to buy Firehouse Strategies
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Precision Strategies, co-founded by Democratic strategists Stephanie Cutter and Teddy Goff, is creating a bipartisan public-affairs powerhouse by acquiring Firehouse Strategies, co-founded by Alex Conant and other Republicans.
Why it matters: The deal is a big Beltway success story. Precision was founded in 2013 by leaders of President Obama's 2008 and 2012 campaigns. Firehouse (so named because the founders hoped to put out lots of fires) was built by leaders of Marco Rubio's 2016 presidential run.
- The sale brings together campaign veterans who "have sat on opposite sides of the same campaigns," the announcement notes.
Precision will integrate Firehouse but retain the brand as a conflict subsidiary. The combined firm, with 125 professionals, will serve Fortune 50 companies, international nonprofits and high-profile advocacy efforts.
- Offerings include AI-powered data and insights, a 50-state bipartisan influencer network, plus creative, paid media and digital services.
- Precision's leadership is unchanged: Cutter continues as acting CEO and managing partner, and Goff as chief growth officer. Conant will join as senior partner, and Ray Glendening, a Democratic strategist who's a Firehouse partner, will join as a partner.
What they're saying: Cutter said she's "watched what they've built for a decade, and am thrilled to bring our teams together."
- Conant said: "When we founded Firehouse a decade ago, Stephanie was one of the first people I called for advice, because I was so impressed with what she and Teddy were building."
