Florida’s Oldest Surveying Firm Under New Ownership
Delray Beach, FL – Sundial, a private equity firm known for its innovative approach to investment, has acquired Johnston’s Surveying, a staple of Osceola County since 1920. As Florida’s oldest surveying firm, Johnston’s has played a pivotal role in shaping the landscape of Central Florida. Under Sundial’s leadership, Johnston’s is poised for expansion while remaining deeply rooted in the community it has served for over a century.
This acquisition represents a unique fusion of history and modernity, aligning with Sundial’s mission to create resilient, long-term investments that foster sustainable growth and deliver consistent returns. Johnston’s Surveying, which has endured through the Great Depression, World War II, and numerous economic shifts, will now bring its legacy and expertise to a broader audience across Florida.
“We’re thrilled to partner with a firm that exemplifies resilience and commitment to the community,” said Andy Hill, CEO of Sundial. “Sundial’s approach to private equity centers on building for the long haul—supporting companies that can thrive regardless of market conditions. By investing in Johnston’s, we’re not just honoring the firm’s impressive history; we’re also equipping it for a future of growth and innovation.”
Community Benefits and Local Impact
With this acquisition, Sundial is committed to enhancing services across Central Florida and creating new job opportunities in the region. Johnston’s Surveying, employing 26 people, 20 of whom are Osceola County residents, will continue to operate from its Osceola base, providing local expertise in survey data, property mapping, and GPS services—data critical to Central Florida’s growth.
Rick Brown, President of Johnston’s, expressed confidence in the future under Sundial’s ownership: “Sundial’s values align with our commitment to quality and community. Our shared vision ensures that Johnston’s legacy of exceptional service remains strong while embracing new technologies and expanded reach.”
Commitment to Sustainable Growth
Sundial’s investment strategy diverges from traditional private equity by prioritizing consistent returns over exit-focused gains. Sundial buys economically resilient, decades old, B2B firms; builds them to last forever; and then distributes profits to investors on a quarterly basis – targeting a 25% annual cash-on-cash yield. This philosophy resonates strongly with Johnston’s, whose history is marked by stability and community ties.
“While others might ‘fatten the pig,’ we ‘milk the cow,’” Hill added. “Our goal is to build companies that last, focusing on enduring value rather than short-term gains.”
About Sundial
Founded by Andy Hill and Greg Babij in 2023 in Delray Beach, FL, Sundial is a global alternative investment firm with a mission to create long-term value across private equity, real estate, and hedge fund investments. By leveraging deep operational expertise and a focus on strategic diversification, Sundial offers investors access to exclusive private deal flow, backed by its family office, and targets a 20%+ IRR. For more information, visit www.sundial.io.
About Johnston’s Surveying
Founded in 1920, Johnston’s Surveying, Inc. is Osceola County’s longest-standing surveying firm, boasting an unmatched archive of local survey data. The firm has a team of 26 dedicated professionals, including five licensed surveyors and mappers, who offer unparalleled expertise in the region. Johnston’s uses state-of-the-art GPS technology and virtual reference networks, allowing for efficient and high-precision survey work, essential to Central Florida’s continued development. For more information, visit www.johnstonssurveying.com.
