CLEVELAND & DALLAS, June 21, 2022–(BUSINESS WIRE)–Align Capital Partners (“ACP”) today announced the recapitalization of Schneider Geospatial, LLC (“Schneider Geospatial” or the “Company”), a SaaS provider of land management software. public access and recurring assistance services to state and local governments. As one of the largest providers of GovTech geospatial solutions in the United States with a presence in more than 25 states, the company’s software enables citizens to access disparate government information sources more efficiently. and profitable.
Schneider Engineering Corporation was founded in 1962 and began offering geographic information system (“GIS”) services in 1989. After the GIS business grew well organically and through several acquisitions, the Schneider family decided to transform Schneider Geospatial into a separate and independent company in 2018 while retaining 100% of the Company’s capital. Through this transaction, ACP provides significant growth capital to Schneider Geospatial, while preserving the heritage of the Schneider family through their continued ownership in the company.
“Our grandfather, Vincent Schneider, had a love for technology that was ahead of his time. Our father, John Schneider, embraced that passion and started our GIS business with a keen insight that understood the importance of data We are very proud of Schneider Geospatial, its award-winning innovations and the incredible group of employees who have made it all possible. We are thrilled to be associated with Align Capital Partners and look forward to the future as we let’s continue to grow and develop,” said J. Barry Schneider and Victoria Schneider Temple.
Based in Indianapolis, Indiana, the company’s 50+ team helps power Schneider Geospatial’s cloud-based software platform that enables customers to manage more than 500 million information requests from over 23 million users, including citizens, commercial real estate developers, appraisers, law firms, contractors and inspectors. The company’s core solution combines web-based GIS data reporting tools, including CAMA and taxes, ownership history, liens, boundaries, environmental issues and topography, into a single application Web friendly.
“We are thrilled to continue our partnership with our incredible customers,” said Jeff Corns, CEO of Schneider Geospatial. “ACP’s investment allows us to accelerate many of our growth initiatives that will result in even better solutions and services for our customers. Our talented team is excited to continue this next phase of company growth.”
Schneider Geospatial is ACP’s second investment in the GovTech platform to date, following its 2020 investment in Electronic Transaction Consultants Corporation. “The company has a very strong value proposition of helping its clients provide public access to digitized documents as a replacement for a historically inefficient and labor-intensive experience,” said Chris Jones, Managing Partner of ACP. “Our enthusiasm for Schneider Geospatial plays on the tailwinds of our company’s GovTech thesis. The company is well positioned to help governments replace outdated technologies, increase access to important digitized information, and improve information sharing capabilities to improve citizen engagement.
This is ACP’s 72nd closed investment since the company was founded in 2016 and ACP’s 11the new investments since the beginning of the year, including two platforms and nine complementary investments. Manager Matt Iodice and partner Aaron Lewis worked alongside Mr Jones on the transaction. Schneider Geospatial was advised on the transaction by Faegre Drinker Biddle & Reath LLP, while ACP was supported by Calfee, Halter & Griswold LLP.
About Schneider Geospatial
Schneider Geospatial is a provider of SaaS public access solutions and support services for state and local governments. The Company’s products include award-winning SaaS solutions such as Beacon™ and qPublic.net™ focused on local government information for the web; GeoPermits™ which is a SaaS authorization and workflow management platform; and Agland™ used to automate the process of calculating agricultural assessments. In addition to a diverse product portfolio, the company offers a full range of GIS, technology and GovTech services. For more information, visit schneidergis.com.
About Align Capital Partners
Align Capital Partners is a growth-focused private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings its experience and resources to help lower-middle-market companies accelerate their growth, to the benefit of company management, employees and investors. ACP makes control investments in differentiated businesses in the business services, technology, specialty manufacturing and distribution sectors. For more information, visit aligncp.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220621005377/en/
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