UK firm boosts US expansion by 拢15m acquisition of Texan firm SpawMaxwell
Balfour Beatty has bought Texan interior construction contractor SpawMaxwell for $25m (拢15m).
The deal forms part of the UK company鈥檚 strategy of expanding in key US markets and follows the $40m (拢27.5m) acquisition of RT Dooley in North Carolina in February.
SpawMaxwell is the largest interior construction contractor in Texas and the sixth largest general contractor in Houston with offices also in Austin and Dallas. The company said the deal boosts Balfour Beatty Construction US鈥檚 credentials as a single source of construction capabilities in the Texas building markets.
Its clients include The City of Houston, Memorial Hermann Healthcare System and Gulf States Toyota.
Balfour Beatty chief executive Ian Tyler, said: 鈥淭he acquisition of SpawMaxwell provides us with a substantial presence in key Texas markets outside Balfour Beatty Construction's base in Dallas and enables us to provide an expanded range of services for customers.鈥�
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