Symphony Enters New Movement with McGraw Hill Construction
September 24, 2014
McGraw Hill Construction
Symphony Technology Group has agreed to buy McGraw Hill Construction from McGraw Hill Financial (NYSE: MHFI) for $320 million in cash. Expected to close in 4Q, the transaction caps McGraw Hill's March 2014 announcement it was exploring strategic alternatives for the unit, which provides data, news and insights to construction professionals across the U.S. McGraw Hill Construction's products help with marketing, sales force management, market analysis and more. STG recently backed Symphony Performance Health, a fellow data solution provider, albeit for the integration and analysis of patients' medical data.