ZenaTech, Inc. (NASDAQ: ZENA) announced on December 2 2025 that it has completed the acquisition of Smith Surveying Group LLC, a Jacksonville, Florida‑based land surveying and inspection firm. The deal adds a well‑established customer base in municipal, aviation, and commercial markets to ZenaTech’s growing Drone‑as‑a‑Service (DaaS) network.
The acquisition positions ZenaTech to capitalize on Florida’s substantial investment in airport modernization and infrastructure upgrades, with the state’s 2025/26 budget allocating more than $345 million for airport projects. By integrating Smith Surveying Group’s expertise in transportation, public works, utilities, and coastal development, ZenaTech can deploy its AI‑drone platforms—IQ Square and IQ Nano—to deliver faster, data‑rich surveying and inspection services for government and commercial clients, accelerating the company’s expansion of DaaS locations across the Southeast.
ZenaTech’s Q3 2025 revenue reached $4.35 million, with the DaaS segment contributing $3.57 million—82% of total revenue. Despite strong top‑line growth, the company remains in negative EBITDA territory, reporting a $9.78 million loss for the last twelve months and a net margin of –313.68%. The acquisition is expected to boost revenue growth in the DaaS segment and improve profitability by leveraging Smith Surveying Group’s established relationships and market presence.
CEO Shaun Passley said the deal “provides diversification and future revenue streams for Drone‑as‑a‑Service across our Southeast and national networks.” He added that Smith Surveying Group’s long history and trusted relationships in the Jacksonville area “offer enormous opportunities to deploy our Drone‑as‑a‑Service solutions,” underscoring the company’s focus on scaling its high‑growth government and aviation markets.
The global surveying and mapping services market is projected to grow from $41.5 billion in 2024 to $53.1 billion by 2030, and Florida’s airport modernization budget is a key tailwind for drone‑based construction land surveys. The acquisition aligns with ZenaTech’s strategy of acquiring established firms to quickly build a network and customer base, positioning the company to capture a larger share of the expanding drone services market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.