Granite Equity buys St. Cloud GIS firm Geo-Comm



By Kevin Allenspach, St. Cloud Times

“Eighteen years after launching a business to provide emergency 911 development services for county governments, GeoComm CEO and President Tom Grones has reached a deal to sell majority ownership in his company to Granite Equity Partners.Terms were not announced, but Grones said the transaction involved an exchange of GeoComm stock for shares of Granite Equity’s other holdings, as well as cash and satisfaction of some of GeoComm’s debt.”

Read More…