MERGERS & ACQUISITIONS: Balfour Beatty Infrastructure Acquires Fru-Con Acquisition

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 No. 13 among the Top 400 Contractors, and No. 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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