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- Turner Construction Company Acquires Dornan Engineering Group
Turner Construction Company Acquires Dornan Engineering Group
Slice of Construction Team
July 30, 2024
Key Highlights:
Turner Construction Company to acquire 100% of Dornan Engineering Group.
Dornan specializes in mechanical, electrical, instrumentation, and commissioning engineering.
Turner completes $18 billion annually and is the largest building contractor in North America.
The acquisition aims to expand Turner's presence in Europe's advanced technology sector.
Dornan has a backlog of €1.1 billion and expects to deliver €700 million turnover this year.
Source (PR Newswire)
Notable Quotes:
"Dornan brings incredible strength to Turner and is an important part of Turner's strategy to serve clients wherever their needs are. The combination of Turner and Dornan will enable us to offer a broader range of services and solutions that our clients seek in Europe."
"Our clients will continue to enjoy the same level of superior service as we deliver complex technical projects within time and on budget. They will also benefit from the increased strength of Dornan as part of a company with over $18 billion of turnover."
"The technical expertise of Dornan's people, range of offerings, record of excellence in client service, and shared values made the company the obvious choice for Turner to accelerate growth in the region."
Our Take:
The acquisition of Dornan Engineering Group by Turner Construction Company marks a significant strategic expansion for Turner into the European advanced technology market. Dornan's expertise in mechanical, electrical, instrumentation, and commissioning engineering aligns seamlessly with Turner's robust portfolio and reputation. This move not only solidifies Turner's position as a leading global construction firm but also opens up substantial opportunities for growth and service diversification in the European market. The combined strengths of both companies are poised to deliver enhanced value and capabilities to their clients, further establishing a formidable presence in the engineering and construction industry.