Fortive Corporation acquires The Gordian Group, Inc. (TGG Ultimate Holdings)
Snapshot
Fortive Corporation acquired The Gordian Group, Inc. (TGG Ultimate Holdings) for $778 million net of cash acquired in July 2018. The transaction was structured as all cash. The Gordian Group, Inc. (TGG Ultimate Holdings) is a Greenville, South Carolina-based Industrial Technologies / software business.
- Acquirer
- Fortive Corporation
- Target
- The Gordian Group, Inc. (TGG Ultimate Holdings)
- Value
- $778 million net of cash acquired
- Date
- July 2018
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
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
No advisory firms have been disclosed for this transaction.