- Griffiths and Hutchins is BCIS’ first acquisition since LDC’s investment in 2022
- BCIS is a cost benchmarking and valuation platform for construction
- LDC is the private equity arm of Lloyds Banking Group, headquartered in London
Building Cost Information Service (BCIS), backed by LDC, has acquired Griffiths & Hutchins Publications, a construction price book business.
No financial details of the transaction were disclosed.
Griffiths & Hutchins is based in London.
Griffiths and Hutchins is BCIS’ first acquisition since it secured a significant investment from LDC in June 2022.
“This acquisition will help BCIS to continue to improve the services it provides to construction businesses, at a critical time for the industry,” said Anthony West, investment manager at LDC.
Hannah Upton has joined the BCIS team as price book marketing manager, said James Fiske, CEO, BCIS.
Griffiths & Hutchins’ product offering will be incorporated into BCIS’ current price book options, Fiske added.
BCIS also announced senior hires including Karl Horton as chief data officer, chairman Colin Smith and Richard Dean as CFO.
BCIS is a cost benchmarking and valuation platform for construction. The company is based in London.
LDC is the private equity arm of Lloyds Banking Group, headquartered in London. The firm has a UK-wide network of regional offices.