Dodge Data & Analytics and The Blue Book Building & Construction Network are combining their businesses in a merger. Dodge’s owner, Symphony Technology Group, a private equity firm focused exclusively on business-to-business data, software and analytics companies, facilitated the transaction. The combination will result in the Dodge Blue Book Construction Industry Database, containing billions of data elements and comprising information about projects, people, firms and products in the industry.
“The Blue Book is one of the most respected brands in the construction industry, providing an indispensable resource for construction professionals to find one another to facilitate the connections necessary to deliver commercial construction projects,” said William Chisholm, managing partner at STG. “Combining The Blue Book with our existing portfolio company Dodge, the market leader in construction project information, allows us to create an indispensable resource for every firm on a local, regional or national level seeking information, connections and unique insights to create new relationships and to grow their business.”
Dodge CEO Daniel McCarthy will lead the combined company and The Blue Book President and general manager Brian Tonry will continue in his current role. Former Blue Book CEO Richard Johnson will assist in the combination of the two companies and will serve as a member of the combined company’s board of directors.
“The construction industry is undergoing a major digital transformation across the entire business lifecycle, and uniting Dodge and The Blue Book will provide construction business leaders the data and digital connections that help fuel their growth,” said McCarthy. “We’re confident that our combined offering will be unmatched and will help our customers improve their planning, win more new business and cultivate stronger relationships with the decision-makers that are involved in specifying products and awarding contracts for billions of dollars of construction projects every year.”
“The Blue Book and Dodge have enjoyed a decades-long partnership of working together, so officially merging our businesses is a natural evolution, not only for the two companies, but for the construction industry overall,” said Johnson. “Bringing together these two market leaders will allow us to innovate faster, develop even more advanced solutions and scale our operations to keep up with the changing demands of our customers and the industry.”
Owl Rock served as administrative agent and sole lead arranger for the debt financing. Paul Hastings and Shearman & Sterling acted as legal advisors to STG.