Gordian, a leading provider of facility and construction cost data, has agreed to be acquired by industrial growth company, Fortive. William Blair was the exclusive financial advisor to Gordian in the deal that is expected to close during the third quarter of 2018. Gordian is based in Greenville, SC, and is a portfolio company of private equity firm, Warburg Pincus. Construction professionals and owners rely on Gordian for their extensive collection of construction cost data, mission-critical software, and expertise in order to optimize contracting, provide accurate estimates, budgets, and plans. Over the years, the company has expanded its offering to all stages of the building lifecycle, which include planning, design, construction, and operations.
Fortive is headquartered in Everett, Washington and has more than 26,000 team members worldwide in research and development, manufacturing, service, distribution, sales and administrative. Fortive was spun off of Danaher Corporation in 2016 and has a portfolio of professional instrumentation and industrial technology businesses. The company holds leading positions in transportation, product realization, sending, automation and specialty, field instrumentation, and franchise distribution.