Balfour Beatty acquires Fru-Con Construction

The US Construction Services division of UK-based engineering company Balfour Beatty has acquired Fru-Con Construction, a water and wastewater infrastructure contractor, for a net cash consideration of $20m (£12.4m).

Fru-Con, which is based in Virginia, has annual revenue of approximately $80m and was acquired from Bilfinger-Berger.

It is hoped that this acquisition will 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.