Wednesday, December 12, 2007
NEW YORK, December 12, 2007 -- Berkery Noyes, a leading independent investment bank serving the media, information and technology markets, announced that it represented The Gordian Group, Inc. (Gordian), in its sale to The Wicks Group of Companies, L.L.C. (Wicks). Gordian, based in Greenville, South Carolina, is the sole provider of a full-service Job Order Contracting solution for facility owners in both the public and private sectors. Wicks is a leading private equity fund that invests in selected segments of the communications, information and media industries. Terms of the transaction were not disclosed.
"This transaction reflects the high value the market places on proprietary information solutions," said Mary Jo Zandy, Managing Director of Berkery Noyes. "Gordian is a unique Company and an ideal acquisition for Wicks with its distinguished record of investing in innovative, leading information businesses."
Robert Coffey, President of the Gordian Group, said, "We are excited about the experience and leadership that Wicks brings to Gordian with this acquisition. It will allow us to focus our attention on Gordian’s growth while maintaining a very high level of customer service. We look forward to expanding our leadership position in the area of construction procurement and construction cost data with a focus on saving facility owners considerable time and money."
Daniel Kortick, Managing Partner of The Wicks Group, said," We are very excited about this acquisition and how Harry, Robert and the entire Gordian team have positioned the company for future growth. We believe that very favorable opportunities are present with facility owner as they seek efficient and cost effective ways to maintain their infrastructure and real property. We could not be more pleased with the foundation upon which we plan to build."
About Berkery Noyes
- Berkery Noyes acted as financial advisor to The Gordian Group, Inc., and represented it in its negotiations with The Wicks Group of companies, L.L.C. Berkery Noyes has been involved with many notable transactions in the academic publishing, information, and software sectors, including those involving Ericsson’s purchase of Mobeon, Fidelity Ventures purchase of Asset Control, and Leeds Instructions purchase of eInstruction. For more information, visit: www.berkerynoyes.com
About The Gordian Group
- The family of contracting systems known as Job Order Contracting ("JOC") was invented by Gordian’s co-founder and Chief Executive Officer, Harry H. Mellon, in 1981 while he was serving as Chief Engineer for NATO operations in Europe. In 1990, Mr. Mellon and Robert Coffey, Gordian’s President, founded Gordian in order to develop, implement and support JOC programs for public sector real property owners. Since that time, Gordian has grown its active client base to over 100 facility owners, who utilize JOC in the procurement of over $1.0 billion in repair and alteration construction needs. For more information, visit: www.gordian-group.com
About The Wicks Group of Companies, L.L.C.
- manages private equity funds that invest in selected segments of the communications, information and media industries. Such funds currently own or have owned companies in educational publishing, consumer publishing, medical information services, community newspapers, radio broadcasting, television broadcasting, magazine publishing, outdoor advertising, newsletter publishing, and cable television distribution. For more information, visit: www.wicksgroup.com