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June 16, 2011
Balfour Beatty Infrastructure expands U.S. water & wastewater
contracting footprint with Fru-Con acquisition(WOODBRIDGE,
VA) –Balfour Beatty Infrastructure, Inc. announces the acquisition of
Fru-Con, a leading water and wastewater infrastructure contractor based
in Virginia. Balfour Beatty Infrastructure acquired Fru-Con
Construction, LLC, from Germany-based Bilfinger-Berger.
“The
water and wastewater infrastructure market has been very successful for
Balfour Beatty Infrastructure,” said Ray Bond, president and CEO of
Balfour Beatty Infrastructure. “With Fru-Con added to our portfolio we
now combine the expertise of a water and wastewater specialist with
those of a local civil contractor. We plan to draw on this combined
skill set to grow further into the mid-Atlantic and California markets,
as well as other regions including the Carolinas, Georgia, Florida, and
Texas, in order to service their growing infrastructure needs. ”
Fru-Con
will retain its name and operate as a region of Balfour Beatty
Infrastructure. The approximately 150 regional employees will be led by
Michael R. Fischer, vice president of Fru-Con. Fischer will continue to
be based in Woodbridge, Va., and will report to Bond.
“We are
excited to become a part of Balfour Beatty Infrastructure,” said
Fischer. “It’s a great fit as both companies emphasize safety,
integrity, excellence, teamwork. We plan to continue offering our
clients the service they have come to expect from Fru-Con. The
acquisition will allow us to have greater bench strength and more
resources to grow the business in existing and new markets.”
Founded
in 1872, Fru-Con is among the oldest contractors in the United States
and has annual revenues of approximately $80 million. The company
constructs water and wastewater treatment plants and currently has
major projects underway throughout the Maryland and Virginia area. They
recently completed the award-winning $136 million Water Pollution
Control Plant Upgrade and Expansion Project for Arlington County, Va.,
in 2010.
Balfour Beatty Infrastructure, Inc. delivers
industry-leading civil engineering and construction expertise for
transportation and water infrastructure projects throughout the United
States. With more than 750 employees in major operations in California,
the Carolinas, Georgia, Florida, the Mid-Atlantic and Texas, Balfour
Beatty Infrastructure boasts annual revenues of approximately $400
million. An award-winning contractor, Balfour Beatty’s U.S.
construction companies were ranked by Engineering News Record as number
13 among the Top 400 Contractors, and 25 among the Top 50 Domestic
Heavy Contractors. Balfour Beatty Infrastructure is part of Balfour
Beatty plc, a global engineering, construction, services and investment
business organization specializing in large infrastructure and building
programs.
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