Private equity firm Symphony Technology Group is buying McGraw Hill Construction, a construction data and analytics company, for $320 million in cash.
The New York-based target provides information so that aims to help construction professionals make decisions and strengthen their market positions.
The company was sold by McGraw Hill Financial, which announced in March that it was exploring strategic alternatives for the unit. The seller is a financial intelligence company that provides benchmarks, credit ratings, risk services and analytics. The deal was announced late Sept. 22.
Symphony Technology, headquartered in Palo Alto, California, invests in software, Internet services and technology-enabled services companies. Earlier in September, the firm agreed to buy the global risk management business of Aon plc (NYSE: AON). Before that, Symphony bought MDdatacor, a provider of health care data integration and analytics services.
Evercore Partners acted as McGraw Hill Financial's financial adviser.
Several construction-related deals have been announced recently. Earlier in September, Century Communities acquired home-building company Grand View Builders. Before that, Kodiak Building Partners agreed to buy building products group Barnsco Inc.