CLEVELAND & DALLAS–(BUSINESS WIRE)–Align Capital Companions (“ACP”) introduced right now the recapitalization of Schneider Geospatial, LLC (“Schneider Geospatial” or the “Firm”), a SaaS supplier of public entry land administration software program and recurring assist companies to state and native governments. As one of many largest suppliers of GovTech geospatial options within the U.S. with a presence in over 25 states, the Firm’s software program permits residents to entry disparate authorities data sources in a extra environment friendly and cost-effective method.
Schneider Engineering Company was based in 1962 and commenced providing geographic data system (“GIS”) companies in 1989. After the GIS enterprise grew nicely organically and thru a number of acquisitions, the Schneider household determined to spin out Schneider Geospatial right into a separate, impartial enterprise in 2018 whereas sustaining 100% possession of the Firm. By means of this transaction, ACP is offering vital progress capital to Schneider Geospatial, whereas preserving the Schneider household legacy by means of their continued possession curiosity within the Firm.
“Our grandfather, Vincent Schneider, had a love for know-how that was forward of his time. Our father, John Schneider, embraced this ardour and commenced our GIS enterprise with a eager perception that understood the significance of geographic information. We’re very happy with Schneider Geospatial, its award-winning improvements and the superb group of staff who’ve made this all occur. We’re excited to be related to Align Capital Companions and we stay up for the longer term as we proceed to develop and broaden,” mentioned J. Barry Schneider and Victoria Schneider Temple.
Headquartered in Indianapolis, Indiana, the Firm’s 50+ particular person crew helps energy Schneider Geospatial’s cloud-based software program platform that permits purchasers to handle over 500 million data requests from over 23 million customers, together with residents, industrial actual property builders, appraisers, legislation corporations, contractors and inspectors. The Firm’s core answer combines web-based GIS information reporting instruments together with CAMA and tax, possession historical past, liens, boundaries, environmental points and topography, right into a single, user-friendly internet utility.
“We’re excited to proceed our partnership with our superb purchasers,” mentioned Jeff Corns, CEO of Schneider Geospatial. “ACP’s funding permits us to speed up a number of of our progress initiatives which can end in even higher options and companies to our purchasers. Our gifted crew is happy to proceed this subsequent section of the Firm’s progress.”
Schneider Geospatial is ACP’s second GovTech platform funding up to now, following its 2020 funding in Digital Transaction Consultants Company. “The Firm has a really sturdy value-proposition of serving to purchasers present public entry to digitized information as a substitute to a traditionally inefficient and labor-intensive expertise,” mentioned ACP Managing Associate Chris Jones. “Our enthusiasm for Schneider Geospatial performs on the enticing tailwinds of our agency’s GovTech thesis. The Firm is nicely positioned to assist governments change antiquated know-how, enhance entry to necessary digitized data and improve data sharing capabilities to enhance citizen engagement.”
This represents ACP’s 72nd closed funding for the reason that agency was based in 2016 and is ACP’s 11th new funding year-to-date, together with two platforms and 9 add-on investments. Principal Matt Iodice and Affiliate Aaron Lewis labored alongside Mr. Jones on the transaction. Schneider Geospatial was suggested on the transaction by Faegre Drinker Biddle & Reath LLP, whereas ACP was supported by Calfee, Halter & Griswold LLP.
About Schneider Geospatial
Schneider Geospatial is a supplier of State & Native Authorities SaaS public entry options and assist companies. The Firm’s merchandise embody award-winning SaaS options resembling Beacon™ and qPublic.internet™ centered on native authorities data for the net; GeoPermits™ which is a SaaS allowing and workflow administration platform; and Agland™ used to automate the calculating course of for agricultural assessments. Along with a various product portfolio, the Firm presents a full vary of GIS, know-how and GovTech companies. For extra data, go to schneidergis.com.
About Align Capital Companions
Align Capital Companions is a growth-oriented non-public fairness agency that companions with enterprise homeowners and administration groups to create shared success. ACP manages $775 million in dedicated capital with funding groups in Cleveland and Dallas. ACP brings expertise and assets to assist lower-middle market corporations speed up their progress, to the good thing about administration, staff and the agency’s traders. ACP makes management investments in differentiated corporations throughout the enterprise companies, know-how, specialty manufacturing and distribution sectors. For extra data, go to aligncp.com.