SAM Acquires Theorem Geo
August 15 2024 - 10:03AM
Business Wire
SAM, the leading provider of spatial data collection for
decision support, serving utilities, transportation, and
infrastructure-focused clients, announced today the acquisition of
Theorem Geo, based in Charlotte, North Carolina. Theorem Geo, a
utility-focused consulting and engineering support company, brings
over a decade of experience in enhancing infrastructure management
for major IOUs. Through a range of professional services and
innovative geospatial technology, Theorem Geo drives reliability,
compliance, profitability, and safety in the utility sector. This
acquisition strengthens SAM's Managed Geospatial Services™ (MGS™)
offerings for the electric utility market.
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Founded in 2006 as a GIS-based solutions company, Theorem Geo
has evolved into a leading partner, deploying technology platforms
and consulting services to solve complex problems for utilities and
government entities. Their expertise will join our Managed
Geospatial Services™ business unit, focusing on advancing data
acquisition, improving analysis, and developing predictive
analytics. Together, we will redefine and transform how
infrastructure assets are built and managed throughout their
lifecycle. Please visit their website to learn more about our new
team members from Theorem Geo.
"We're thrilled to have Theorem Geo Engineers join the SAM
family of companies," said SAM CEO Sam Shakir. "As SAM expands its
services and enhances its expertise in spatial data management and
infrastructure modeling, integrating Theorem Geo and their advanced
software, CartoVid, will further solidify SAM's reputation as a
trusted partner for clients seeking Managed Geospatial
Services™."
"Our team is incredibly excited to join SAM's MGS™ Solutions
portfolio. SAM's strong emphasis on investing in game-changing
technologies made the decision to join their team very easy," said
Theorem Geo's Founder and CEO John Eddins. "Together, we will help
our customers accomplish great things!"
Upon acquiring Theorem Geo, SAM reaffirms its dedication to
strategic growth to enhance its reputation of creating a holistic
Managed Geospatial Service™ for the complete life cycle of
utilities and transportation infrastructure. Entrepreneurs
interested in exploring SAM's M&A strategy are encouraged to
explore our website's "Mergers & Acquisitions" section for
further details.
About SAM
SAM is a leading provider of spatial data for decision support,
serving utilities, transportation, and infrastructure-focused
clients. As the most technically advanced professional Managed
Geospatial Service ™ firm in North America, SAM uses advanced
technology to capture and analyze infrastructure and environmental
conditions with unrivaled speed and accuracy, providing its
partners with business insights that ensure the safety,
sustainability, and reliability of critical infrastructure. SAM was
founded in 1994 and is headquartered in Austin, Texas.
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Rachel Dark rachel.dark@sam.biz 737-231-8385