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Tue November 13 2018

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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.  

MPU

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