Turner Construction Company to Acquire Dornan Engineering Group
24 Julio 2024 - 8:00AM
Business Wire
Acquisition of Irish-headquartered company will accelerate
strategic growth in Europe.
Turner Construction Company is pleased to announce that it has
agreed to acquire 100 percent of Dornan Engineering Group, a
specialist mechanical, electrical, instrumentation and
commissioning engineering contractor with operations in Ireland,
the UK, Continental Europe, and the Nordics. The transaction is
subject to the customary merger control approval process in the
European Union.
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Dornan’s 1,000 direct employees will deliver approximately $760
million (€700 million) of work in 2024. Dornan’s backlog of work is
approximately $1.2 billion (€1.1 billion). Dornan delivers services
on complex large-scale projects for blue-chip clients predominantly
in the advanced technology sector, including data centers and
biopharma facilities. This sector represents approximately 85
percent of Dornan’s backlog. The Group also delivers key projects
for clients in the industrial, healthcare, commercial, aviation,
and education sectors.
Turner is long recognized as a leading builder of advanced
technology projects in North America and Dornan is a leader in this
market in Europe. Both companies have well-established long-term
client relationships. The combination of Turner and Dornan creates
a business of significant scale in Europe with the ability to
deliver an increased portfolio of work and a wider range of
services.
Turner has expanded its service offering in Europe and is
working on data center projects in the Netherlands and Spain.
Through the complimentary services of Dornan, Turner sees a
significant opportunity to expand its presence in Europe with new
and existing clients.
“Dornan brings incredible strength to Turner and is an important
part of Turner’s strategy to serve clients wherever their needs
are,” said Peter Davoren, President and Chief Executive Officer,
Turner Construction Company. Davoren continued, “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 employees and clients will benefit greatly as Dornan joins
the Turner family of businesses,” said Brian Acheson, Chief
Executive Officer, Dornan. Acheson continued, “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 scale of Dornan as part of a
combined group with over $18 billion of turnover. Similarly, our
employees will find increased opportunity provided by Turner to
grow Dornan. I am genuinely excited and really looking forward to
our future together.”
The multinational clients of Turner and Dornan continue to
expand, which increases demand for construction and engineering
services across Europe. Clients also seek services from Turner’s
global supply chain business, SourceBlue. SourceBlue helps clients
overcome supply chain obstacles and bring a higher degree of
certainty to schedules, budgets, and project outcomes.
“Turner has identified $20 billion of advanced technology
project opportunities in Europe,” said Mike Kuntz, Executive Vice
President, Turner Construction Company. Kuntz continued, “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.”
About Turner Construction Company
Our vision is to be the highest value provider of construction
services. We deliver our services on complex and challenging
building projects of all types and sizes throughout North America
and in 30 countries around the world. We seek to create a healthy,
prosperous, and sustainable future for our people, clients,
partners, and the planet. We have earned a reputation for
integrity, working safely, and driving innovation. With a focus on
creating an environment where people can be at their best, be
authentic, and be treated with respect and dignity, the company is
widely recognized as a great place to work. The firm is a
subsidiary of HOCHTIEF, an engineering-led global infrastructure
solutions provider with leading positions in North America,
Australia and Europe and a rapidly expanding presence in high-tech,
energy transition and sustainable infrastructure markets. Turner
and HOCHTIEF are part of the ACS Group of companies which has
140,000 employees worldwide and had revenue of €35.7 billion in
2023. To learn more about Turner visit
www.turnerconstruction.com.
About Dornan Engineering Group
Established in 1966, Dornan is a specialist mechanical,
electrical, instrumentation and commissioning engineering
contractor with operations across Ireland, the UK, Continental
Europe and the Nordics, with major project experience across a wide
range of sectors. For decades, Dornan has been providing complex
engineering solutions to some of the world’s most admired
companies. To learn more about Dornan visit
www.dornangroup.com.
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Chris McFadden 212-229-6145 cmcfadden@tcco.com