Mergers & Acquisitions
Dodge Data & Analytics and The Blue Book Will Link Through Acquisition
Dodge Data & Analytics and The Blue Book Building & Construction Network will combine their construction market data analysis operations, after the latter's April 15 acquisition by the former's private equity owner Symphony Technology Group. Transaction terms were not disclosed.
The acquisition "will result in the Dodge | Blue Book Construction Industry Database," said a Dodge announcement.
Dodge CEO Daniel McCarthy will head the combined company, while Blue Book president and general manager Brian Tonry will remain in his current role.
Richard Johnson, former Blue Book CEO, will join the company's board of directors. His new position was not disclosed. The firms' combined workforce is about 1,200, says Dodge, which did not provide integration details.
The Dodge and Blue Book combination "will offer a unified approach for new business generation, business planning, research and marketing services" in commercial construction, says McCarthy, adding that further plans will be announced in coming months.
Dodge headquarters will remain in Hamilton, N.J., while The Blue Book main office will be in Jefferson Valley, N.Y.
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