Reed Business Information (RBI) has announced the sale of a 51 percent stake in Reed Construction Data (RCD) to Warburg Pincus, and the sale of 100 percent of RSMeans to The Gordian Group, a portfolio company of Warburg Pincus. RSMeans will separate from RCD and fully merge with The Gordian Group.
The merger of RSMeans with The Gordian Group, under the ownership of Warburg Pincus, provides a great platform for both these businesses to accelerate growth. The newly combined business will continue to work with RCD to provide differentiated data and analytic solutions to the North American construction sector.
Warburg Pincus is a global private equity firm focused on growth investing. The firm has more than $37 billion in assets under management. Its active portfolio of more than 120 companies is highly diversified by stage, sector and geography.
Reed Construction Data provides actionable insight to construction professionals through a diverse portfolio of innovative products and services, including national, regional and local construction project data, accurate and reliable construction cost data, effective marketing solutions and dynamic market intelligence.
