Reynolds Advisory Partners acts as exclusive financial Advisor to Building Data on its sale to Trimble

LOS ANGELES, California — Reynolds Advisory Partners, LLC ("RAP" or "Reynolds") acted as the exclusive financial advisor to Building Data LLC (also doing business as SysQue®), the leading provider of building information modeling (BIM) content and software as a service (SaaS) for Mechanical, Electrical and Plumbing (MEP) contractors and engineers, to Trimble Inc. Building Data is headquartered in Greater Sacramento (Rocklin), California, while Trimble is headquartered in Sunnyvale, California. Financial terms of the transaction were not disclosed. Trimble publicly announced the definitive agreement to acquire Building Data LLC on November 7, 2016, in connection with Trimble's biennial user conference, Trimble Dimensions. The transaction closed on November 22, 2016.

Bernard J. Tamasy, the Co-Founder and President of Building Data LLC, commented as follows: "We very much appreciated the expert assistance of Reynolds Advisory Partners, in particular Brian MacLeod, who was dedicated to assisting us in achieving our objectives. Brian's skilled efforts throughout the M&A process were instrumental in the transaction being successfully completed."

Brian MacLeod, Managing Director at RAP, stated: "We are pleased to have assisted Building Data in achieving a successful result from this M&A process. The combination of Building Data and Trimble will generate substantial synergies and strategic benefits to the parties, including the prospect of providing new and innovative SaaS solutions to MEP contractors and engineers."

Mr. MacLeod added: "M&A transaction activity is currently elevated among software and SaaS providers in the AEC (architecture, engineering and construction) sector, as technology providers seek to maximize the promise of BIM to increase productivity and efficiency and reduce project costs and the required time to complete construction projects. Our firm has an increasing interest in SaaS and other technology providers in the AEC and BIM sectors, as well as in the manufacturing sector involving broader CAD/CAE/PLM solutions. We have extensive M&A advisory experience in these areas."

About Building Data LLC
Building Data has been managing MEP data content for engineers and contractors since 2007. Building Data is dedicated to managing 3D component data for customers who create dimensionally accurate BIM for 3D coordination and installation. With over 6 million manufacturer specific content components, Building Data is host to the largest database of its kind. In 2013 Building Data launched SysQue®, a software application that runs on Revit®. Building Data managed content is used in North America, Europe, Australasia and the Gulf States region on a wide range of commercial projects such as health care, institutional education, semiconductor, multi-residential, pharmaceutical and wastewater treatment facilities.

About Trimble
Trimble Inc. (www.trimble.com) is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming a broad range of industries such as agriculture, construction, geospatial and transportation and logistics.

Trimble Buildings, a part of Trimble's Engineering and Construction segment, is focused on solutions that optimize the complete Design-Build-Operate (DBO) lifecycle of buildings. Trimble is dedicated to transforming the industry-increasing productivity, reducing waste and optimizing schedules, budgets and real estate portfolios-with powerful solutions that streamline communication and collaboration. These targeted solutions enable architects, engineers, contractors, owners, and occupiers to realize greater agility, efficiency and insight. Used in over 150 countries around the world, Trimble Buildings' solutions are transforming the way the world designs, builds and operates infrastructure and buildings.

About Reynolds Advisory Partners, LLC
Reynolds Advisory Partners, LLC is a boutique investment bank with a focus on the "middle market". RAP provides a full suite of financial advisory services for mid-size and growing companies, including mergers, acquisitions, divestitures, restructurings, and the issuance of debt and equity capital. RAP's professionals also have extensive experience in advising Independent/Special Committees of both public and private companies, of all sizes, in facing complex issues, including evaluating related party transactions.

For more information, visit www.reynoldsap.com.

Reynolds Advisory Partners, LLC - Investment Banking Contact:
Brian MacLeod, Managing Director: bmacleod@reynoldsap.com. 310-318-9674

Source: Reynolds Advisory Partners, LLC