Owner Resource Group, an Austin-based private investment firm, announced it has completed an investment in Smart City Locating, a U.S.-based provider of property locating services, marking a strategic partnership to support the company’s next phase of growth.
Founded in 2013, Smart City Locating has grown into a market leader in helping property managers fill vacancies, operating across nine markets in five states. The investment represents the first time the company has taken on outside capital and is structured as a recapitalization, with existing management retaining significant ownership and continuing to lead the business.
Owner Resource Group plans to support Smart City’s expansion through both organic growth in existing markets and entry into new geographies. The partnership reflects a shared focus on customer service, culture, and long-term value creation in the real estate services sector.
The transaction was supported by Wintrust Bank as the financing partner, with Cascadia Capital serving as financial advisor to Smart City and Barnes & Thornburg acting as legal advisor. Owner Resource Group was advised by Queen Saenz + Schutz.
KEY QUOTES:
“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