Construction News

Thu March 28 2024

Related Information

Balfour Beatty buys US contractor

17 Jun 11 Balfour Beatty has announced today that its US Construction Services division has bought US water and wastewater contractor Fru-Con Construction from Bilfinger-Berger for US$20m (£12m).

Fru-Con, which is based in Virginia, has annual revenue of approximately US$80m. Balfour Beatty chief executive Ian Tyler said: "The acquisition of Fru-Con is a significant step in enhancing our capabilities in the attractive US water market."

The acquisition is intended to enable Balfour Beatty to grow further in the mid-Atlantic and California markets, as well as other regions including the Carolinas, Georgia, Florida and Texas.  

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »