WALL STREET JOURNAL: Goldman Sachs Invests $150M in SMS Assist
SMS Assist LLC, which started in 1999 as a floor-care company, has raised $150 million from Goldman Sachs Investment Partners and is now valued at about $1 billion. Read the full story
NEW YORK TIMES: SMS Assist, a No-Glamour Start-Up, Becomes a Unicorn
Chicago’s latest unicorn is all about grit. Unicorns – or private, venture capital-backed companies that are valued above $1 billion – are often defined by flashy new technology or millions of users, and often based in Silicon Valley. But the ones based in the Midwest have tended to be more about sprinkling digital dust on the dirtiest industries. Read the full story
ASSOCIATED PRESS: Exelon to close 2 nuclear plants; still seeking subsidies
Exelon Corp. said Thursday that it will shut two Illinois nuclear power plants after the Legislature failed to approve a financial-support plan, but an email obtained by The Associated Press indicates the company is enlisting employees in an ongoing, full-steam lobbying effort. Read the full story
