STAMFORD, Connecticut, October 23, 2015 – Education Growth Partners (“EGP”), a growth private equity firm focused exclusively on the education industry, today announced an investment in The Gordian Group, the leading provider of construction cost estimating data and analytics and procurement solutions. Financial details of the transaction were not disclosed.
This investment occurred at the time of the acquisition of EGP’s portfolio company, Sightlines LLC, by The Gordian Group. For more than 15 years, Guilford, Connecticut based Sightlines has been a trusted resource to over 450 campuses. The Company develops key metrics and provides analyses across high value operational areas such as (1) building asset management, (2) maintenance and operations, and (3) energy usage, helping colleges and universities manage their facilities and reduce operating costs.
“As industry leaders in both data, software and expertise, the integration of Gordian and Sightlines presents a significant opportunity to deliver a more unified suite of products to facility owners across a number of markets, including higher education, healthcare, and the public sector ,” William Pollak, CEO of The Gordian Group, stated. “The synthesis of complementary data across historically disparate processes will allow us to offer solutions for facility owners that address the construction and facility asset management lifecycle more comprehensively.”
Peter Campbell, Managing Partner of EGP, commented “Gordian is the ideal partner for Sightlines going forward given their highly complementary strengths. We are pleased to have the opportunity to continue our relationship with Sightlines via our new investment in The Gordian Group, alongside existing Gordian investor Warburg Pincus.”
About The Gordian Group
The Gordian Group is a leading provider of construction data, software and services that companies rely on to pursue efficient and effective construction planning, estimating and procurement. In its beginnings, Gordian pioneered Job Order Contracting (JOC), a method for planning and executing construction renovation, alteration and repair through its highly specialized cloud-software. In 2014 the company acquired RSMeans, a leader in data, analytics and life cycle cost analysis for commercial and residential construction. Today, The Gordian Group draws on its highly specialized engineers, software and unique proprietary data sets to solve the construction information, planning and management needs of people in building construction, building products manufacturing, education, healthcare, retail, insurance, legal and government. For more information visit http://www.thegordiangroup.com/
About Education Growth Partners
Founded in 2011, Education Growth Partners is the premier growth private equity firm dedicated solely to providing growth capital to proven, high potential education services companies that offer compelling solutions addressing unmet needs in training and education. The firm leads growth capital financings, minority recapitalizations, and buyout of profitable, high growth companies in the Pre-K, K12, higher education, corporate and life-long learning sectors. The firm is headquartered in Stamford, CT. For more information visit www.edgrowth.com.