Warburg Pincus Acquires Majority Stake in The Gordian Group
Global private equity firm Warburg Pincus has acquired a majority ownership in The Gordian Group, a Mauldin, South Carolina-based construction pricing data and procurement software business servicing the construction industry, from The Wicks Group of Companies.
The investment, whose amount remained undisclosed, is designed to help the company accelerate its growth plans.
Co-founded by Chairman Harry Mellon and CEO Robert Coffey, The Gordian Group specializes in development and implementation of highly efficient and cost effective Job Order Contracting programs for facility and infrastructure owners. It operates a database of construction task prices with a proprietary pricing database of over 260,000 construction tasks with information on local labor, equipment and materials costs.
The company’s customer base includes some of the largest federal, state and local agencies in the United States.