News

SMS Assist Receives $150M Series D Investment from Goldman Sachs Investment Partners

June 7, 2016

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SMS Assist, a Pritzker Group Venture Capital portfolio company, has received $150 million in Series D funding from Goldman Sachs Investment Partners. After receiving early venture investments from PGVC in 2011 and 2013, SMS Assist has experienced consistent rapid growth in revenue, profitability and operating scale. PGVC remains the company’s largest shareholder.

SMS Assist offers property owners a cloud-based technology platform and a network of more than 20,000 subcontracted affiliates and an estimated 500,000 technicians to address the maintenance and management needs in their 120,000 location portfolio. The company’s advanced technology platform is revolutionizing multisite property management by helping reduce costs, improve service delivery, quality and overall customer experience for a growing list of national and Fortune 500 companies which includes Family Dollar (NYSE: FDO), JPMorgan Chase (NYSE: JPM), Jones Lang LaSalle Incorporated (NYSE: JLL), O’Reilly Automotive, Inc. (NASDAQ: ORLY) and Colony Starwood Homes (NYSE: SFR).

“SMS Assist is at the forefront of the next wave of innovation, fundamentally transforming the $50 billion maintenance and management market with its disruptive technology platform while delivering real value and cost savings for its customers,” said J.B. Pritzker, Pritzker Group managing partner. “SMS Assist is a profitable company experiencing explosive growth. Working together with Goldman Sachs Investment Partners will empower us to expand into ever-larger markets with the company’s world-class technology platform.”

SMS employs more than 550 people from its headquarters in Chicago’s iconic John Hancock Center.
 

About Pritzker Group
 

Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides multi-stage venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.

Pritzker Group Venture Capital helps entrepreneurs build market-leading technology companies at every stage of their growth. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 100 companies, building partnerships based on trust and integrity. The firm’s proprietary capital structure allows for tremendous flexibility, and its experienced team of investment professionals and entrepreneurs offers companies a vast network of strategic relationships and guidance. Successful exits in recent years include Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard), and TicketsNow (acquired by Ticketmaster). For more information, visit www.pritzkergroup.com.

   

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