Contractor Balfour Beatty announced today that its US Construction Services division has acquired leading water and wastewater infrastructure contractor Fru-Con Construction for $20M (£12M).
Fru-Con, which is based in Virginia, has annual revenue of about £49M and was bought 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.
“The acquisition of Fru-Con is a significant step in enhancing our capabilities in the attractive US water market,” said Balfour Beatty chief executive Ian Tyler.
Founded in 1872, Fru-Con is among the oldest contractors in the United States. The company, which has 150 employees, constructs water and wastewater treatment plants and currently has major projects underway throughout the Maryland and Virginia area.
It completed the award-winning £81.6M Water Pollution Control Plant Upgrade and Expansion Project for Arlington County, Virginia, in 2010.