Balfour Beatty

Balfour Beatty acquires US water and wastewater contractor

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Source: Balfour Beatty

For a net cash consideration of US$20 million (Ā£12 million)

Balfour Beatty, the international infrastructure group, announces today that its US Construction Services division has acquired Fru-Con Construction LLC, a leading water and wastewater infrastructure contractor, for a net cash consideration of US$20 million (£12 million).

Fru-Con, which is based in Virginia, has annual revenue of approximately US$80 million (£49 million) and was acquired from Bilfinger-Berger.

The acquisition adds to Balfour Beatty’s expertise in water infrastructure projects and will enable it to grow further in the mid-Atlantic and California markets, as well as other regions including the Carolinas, Georgia, Florida and Texas.

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.”

 

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