BSP Recognized by NetSuite as a 2025 Solution Provider Spotlight Award Winner for Private Equity: Carve-Out
BOSTON, MA (December 19, 2025) – Business Solution Partners is proud to announce that Oracle NetSuite has named the firm a 2025 Solution Provider Spotlight Award winner in the category of Private Equity: Carve-Out, recognizing our work supporting TRP Laboratories, a portfolio company of Columbia River Partners (CRP).
NetSuite’s Solution Provider Spotlight Awards recognize partners that demonstrate exceptional success delivering complex implementations and driving meaningful outcomes for customers. This award specifically highlights BSP’s ability to execute deal-driven carve-outs where timing, compliance, and operational continuity are non-negotiable.
The Carve-Out Challenge: Speed, Separation, and Compliance
TRP Labs was acquired by Columbia River Partners as a new platform investment carved out of a $20B+ public parent company. As part of the transaction, TRP Labs was required to fully separate from its parent’s systems and shared services under a strict Transition Services Agreement (TSA).
The carve-out environment included:
· A ≤ 90-day TSA window to exit all parent-hosted systems
· Separation from a parent-hosted Oracle ERP
· Immediate lender and sponsor reporting requirements
· A lean internal finance team
· Growing regulatory pressure driven by EPA and CARB emissions requirements, increasing demand while raising compliance expectations
This was a classic private equity carve-out: high urgency, high visibility, and zero margin for delay.
“In a carve-out, ERP is the backbone of Day One readiness. Standing up clean systems quickly gives management visibility, control and the ability to operate independently from the parent.”
- Nathan Chandrasekaran, Partner - Columbia River Partners
Why NetSuite - and Why BSP
CRP’s investment thesis focused on rapidly professionalizing operations while maintaining flexibility to scale. NetSuite provided the cloud ERP foundation required to:
· Support a true multi-entity structure across 11 locations and five operating segments
· Enable timely close, consolidation, and lender reporting
· Meet compliance expectations in a highly regulated testing environment
BSP was engaged to lead the full NetSuite implementation, including system architecture, historical data migration, and Day-1 readiness. Critically, BSP began implementation work during deal exclusivity, ensuring the business could operate independently immediately upon close.
“I think NetSuite is really user friendly. With the support of BSP, we will be able to add on to the financial system all of our acquisitions and perform consolidations. It will be extremely easy. That’s probably the least thing that I worry about on a go-forward basis - adding on users and companies into the NetSuite platform with the support of BSP. It [NetSuite] works really well, and we have no financial reporting issues.”
- Frank Chirico, Chief Financial Officer - TRP Laboratories
Execution Under Deal Pressure
With only 60 days of exclusivity and a hard TSA deadline, execution speed was as critical as technical design.
BSP:
· Served as both NetSuite system integrator and ERP PMO
· Supplemented limited internal finance resources with experienced NetSuite experts
· Delivered a fully operational ERP capable of meeting lender, sponsor, and regulatory reporting requirements
· Enabled consolidated reporting across multiple locations and operating segments from Day 1
· The result: TRP Labs successfully launched as a standalone business with the systems, controls, and visibility required to operate - and grow - as an independent platform company.
“BSP executed under tight timelines and build a foundation that supported both immediate stability and long-term value creation for our sixth platform investment, TRP Laboratories.”
- Nathan Chandrasekaran, Partner - Columbia River Partners
Why This Spotlight Matters
This recognition underscores BSP’s focus on private equity carve-outs where ERP is a deal-critical workstream, not a back-office afterthought.
Whether driven by TSA expiration, lender oversight, or regulatory complexity, carve-outs demand precision, speed, and deep understanding of private equity realities. BSP is proud to partner with sponsors like Columbia River Partners to help portfolio companies separate cleanly, stay compliant, and build scalable operating foundations.
###
About Business Solution Partners
Business Solution Partners (BSP) is an award-winning Oracle NetSuite Solution Provider specializing in ERP implementation, manufacturing operations, and digital transformation for growth-oriented and compliance-driven organizations.
With more than four decades of ERP experience, BSP helps companies modernize financials, streamline operations, and gain real-time visibility across their business. Known as the CFO’s Trusted Resource™, BSP combines deep financial expertise with technical excellence to deliver scalable, audit-ready systems that drive measurable results.
Through its industry-focused solutions—including the American Firearms Edition of Oracle NetSuite—BSP enables manufacturers, distributors, and regulated enterprises to unify operations, strengthen compliance, and accelerate performance on a modern cloud platform.
Learn more at bspny.com.
About TRP Laboratories
TRP Laboratories is a U.S.-based manufacturer specializing in high-quality nutritional supplements and wellness products. With a commitment to scientific formulation, regulatory compliance, and manufacturing excellence, TRP Laboratories partners with healthcare professionals and distributors to deliver trusted, research-backed solutions. The company combines rigorous quality standards with operational discipline to ensure product integrity, consistency, and performance across its portfolio.
About Columbia River Partners
Columbia River Partners is a private investment and operating firm focused on building and scaling high-performing businesses across targeted industries. The firm partners with leadership teams to drive operational excellence, strengthen financial infrastructure, and create long-term enterprise value. With a disciplined investment approach and hands-on operational support, Columbia River Partners helps portfolio companies execute growth strategies while maintaining strong governance and performance standards.