The best money is free. A close second is money that finds you.
A Goldman Sachs investment fund came to SMS Assist with an offer to invest $150 million. Although his facilities maintenance company is profitable and he didn’t necessarily need the cash, CEO Mike Rothman took Goldman up on the offer.
The $150 million from Goldman Sachs Investment Partners, which brings the total SMS has raised to $258 million, values the firm at about $1 billion, making it a unicorn in the parlance of the tech industry.
“It’s a huge validation for the business,” Rothman said. “We’re just pumped. This gives us a really strong balance sheet.”
Read the article on Crain’s Chicago Business.