Acquistion of Fru-Con will boost firm’s capabilities in the country
Balfour Beatty’s US division has acquired water and wastewater contractor Fru-Con Construction, for US$20m (£12m).
It bought the Viriginia-based company, which has annual revenues of approximately US$80m (£49m) from Bilfinger-Berger.
As well as expanding the firm’s sector expertise, the acquisition enables Balfour Beatty to grow further in the mid-Atlantic and California markets, as well as other regions including the Carolinas, Georgia, Florida and Texas.
Ian Tyler, chief executive of Balfour Beatty, said:
“The acquisition of Fru-Con is a significant step in enhancing our capabilities in the attractive US water market.”
6 July 2011
1 July 2011