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McGraw Hill Financial to Sell McGraw Hill Construction to Symphony Technology Group

McGraw-Hill-Financial-logo2McGraw Hill Financial announced it has agreed to sell McGraw Hill Construction to Symphony Technology Group, a strategic private equity firm based in Palo Alto, California, for $320 million in cash. The transaction, which is expected to close during the fourth quarter of 2014, is subject to regulatory approval and customary closing conditions.

In March 2014, McGraw Hill Financial announced it was exploring strategic alternatives for McGraw Hill Construction, a leading provider of essential data, news and insights to better inform construction professionals’ decisions in the United States.

Source:  McGraw Hill Financial