ATLANTA (July 30, 2020) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that the firm served as legal counsel to RCP Equity, a Venture Equity firm based in Pensacola, Florida, in its Series A investment in Citiri, Inc., a leading provider of Operational Readiness software for construction owners. The funding provided by RCP Equity will allow Citiri, Inc. to accelerate the expansion of its go-to-market team to scale up for an expected increasing number of new airport and transportation improvement projects. The new improvement projects are driven in part by the COVID-19 emergency, along with the need for greater stakeholder involvement in the commissioning and pre-commissioning process and the increasing pressure to hold down costs as construction budgets are expected to tighten.
With a focus on “Venture Equity,” RCP Equity is a privately-held investment firm that invests in businesses looking to grow long-term and are beyond needing venture capital yet too small for large private equity investors. The Citiri Inc. Series A investment was RCP Equity’s fourth investment since its founding in 2019.
SGR’s Rett Peaden, Partner in the Corporate M&A Practice, advised RCP Equity in the transaction.
About RCP Equity
RCP Equity amplifies growing companies to help them see around the corners and navigate what’s ahead. Sitting between Venture Capital and Private Equity, RCP Equity is a Venture Equity firm providing the people, process and resources needed to grow businesses long-term. For more information, visit www.rcpequity.com.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.