Surveying And Mapping, an Austin, Texas-based provider of geospatial solutions in North America, raised funding from Austin Ventures.
Senior debt financing for the transaction is being provided by co-lead arrangers Comerica Bank and JP Morgan Chase, along with Texas Capital Bank, Amegy Bank, and GE Antares. The amount of the deals were not disclosed.
The company intends to use the funds to grow (organically and through acquisitions) its suite of services in both its existing geographic areas as well as new ones.
Founded in 1994 by Samir “Sam” G. Hanna, Surveying And Mapping provides end-to-end geospatial solutions through a suite of services, including professional land surveying, hydrographic surveying, aerial mapping and photogrammetry, airborne, mobile, and terrestrial HDS LiDAR, subsurface utility engineering, utility coordination, geographic information system (GIS) asset inventory and management, as well as construction phase services through SAM-Construction Services, Inc.
The company delivers its services to clients across a wide range of end markets, including oil and gas, electric energy, transportation, railway, water/wastewater, and other infrastructure-related industries.
FinSMEs
06/03/2014