LDC-backed BCIS acquires construction price book business to support expansion
30 Jun 2023
30 Jun 2023
The Building Cost Information Service (BCIS) has announced the acquisition of price book business Griffiths & Hutchins Publications to expand its offering to the built environment industry.
It will boost BCIS’s efforts to support the market with construction costs and will also help BCIS on its journey into carbon and international markets.
BCIS has been providing construction data to the built environment and insurance sectors for more than 60 years.
James Fiske, CEO, BCIS, said: “We have always been familiar with Griffiths & Hutchins Publications, its history and the potential for alignments which would strengthen the overall BCIS offering, so we are very pleased to announce this acquisition and to welcome its owner Hannah Upton as she joins the BCIS team as price book marketing manager.
The Griffiths & Hutchins Publications product offering will be incorporated into our current price book options to offer our customers a wider range of solutions.”
The acquisition builds on the growth journey of BCIS as it plans to expand the range of products and services and continues to make senior hires, including Karl Horton as chief data officer, chairman Colin Smith and Richard Dean as CFO.
It is also the first acquisition the business has completed since it secured a significant investment from private equity partner LDC in June 2022.
Anthony West, Investment Manager at LDC, said: “This acquisition will help BCIS to continue to improve the services it provides to construction businesses, at a critical time for the industry. We’re excited to see what the team achieve next.”