We are pleased to announce that ORG’s affiliates have completed an investment in Smart City Locating, Inc. (“Smart City” or the “Company”), a premier, market-leading provider of property locating services — the first outside investment in the Company’s history.
Founded in 2013 by Cassie Brown, Smart City is the industry leader in property locating services, helping to fill vacancies for leading property managers across the U.S. Headquartered in Austin, TX, the Company has grown rapidly since its founding and now operates in nine markets across five states.
ORG has partnered with management, led by founder and CEO Cassie Brown, to recapitalize the business. Existing management will be meaningful owners in the business going forward and continue to lead operations. ORG is excited to support Smart City’s goals for expansion through organic growth both in current and new geographies.
“Taking on outside investment is a major milestone for Smart City — the first in our company’s history. From the beginning, it was clear ORG was the right partner. They were thoughtful, curious, and deeply aligned with how we think about building a company. ORG doesn’t just invest in businesses; they invest in culture, mission, and purpose, which is exactly how we’ve built Smart City.”
— Cassie Brown, CEO, Smart City Locating
“Smart City is a leader in their industry, and their unique culture and excellent reputation for service make them a valued partner to both property managers and tenants. We are thrilled to partner with this innovative and customer-focused team to accelerate growth.”
— Jon Gormin, Managing Partner, Owner Resource Group
ORG was represented by Queen Saenz + Schutz PLLC with Wintrust Bank, N.A. serving as the financing partner on the transaction. Cascadia Capital acted as the exclusive financial advisor to Smart City with Barnes & Thornburg LLP acting as its legal advisor on the transaction.
Read the full press release here.