Fortive Corporation acquired The Gordian Group, Inc. (TGG Ultimate Holdings) for $778 million net of cash acquired, a transaction completed in July 2018, structured as all cash.
The Gordian Group, Inc. (TGG Ultimate Holdings) operates in Industrial Technologies / software, is based in Greenville, South Carolina. Gordian is a privately-held, leading provider of construction cost data, software and service. Gordian's comprehensive offerings serve the entire building lifecycle, providing workflow and data solutions for construction and facilities professionals. Acquired through TGG Ultimate Holdings, Inc.
Extends Fortive's software-enabled workflow offerings into the construction and facilities cost-data domain.
Recurring software and data revenue serving the building lifecycle. Industrial Technologies segment
On July 27, 2018, we acquired TGG Ultimate Holdings, Inc. and its subsidiaries, including The Gordian Group, Inc. ('Gordian'), a privately-held, leading provider of construction cost data, software and service, for a total purchase price of $778 million net of cash acquired.Fortive FY19 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.