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Re: Tutor Perini installs 3.2 miles of substandard rails in SF job ...
Author: Commenter
Date: 05-12-2018 - 19:09
Now that's weird. Tutor Perini is a publicly traded corporation. It trades as TPC on NYSE. And so off we go to Wikipedia:
https://en.wikipedia.org/wiki/Tutor_Perini
Wherein it states:
"Perini was founded in 1894 in Ashland, Massachusetts by a stonemason named Bonfiglio Perini. Under the direction of Bonfiglio's grandson, Lou Perini, the company moved into the real-estate business, developing 4,500 acres (1,800 ha) in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving the company deeply in debt by the mid-1990s. In 1997, Perini recapitalized, passing control to a California-based investor group led by Los Angeles-based construction executive Ronald Tutor and investor Richard Blum.
Perini was listed on the NYSE on April 1, 2004. Later that year it acquired Cherry Hill Construction, a contractor in Maryland, and in 2003 it acquired Florida-based James A. Cummings and in 2005, California-based Rudolph & Sletten, Inc.. In January 2009, the corporation acquired Philadelphia-based building contractor Keating.
While Perini maintained headquarters in Framingham, Massachusetts it commonly bid on many heavy construction projects in Massachusetts. The corporation is now headquartered in Sylmar, California. The company is heavily involved in civil infrastructure, as well as construction for the gaming and hospitality industries.
Richard Blum divested his Perini stock in 2005. In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation. Subsequent to its name change, Tutor Perini Corporation strengthened its focus towards expanding its geographical footprint throughout the United States. In order to facilitate this strategy, Tutor Perini issued $300 million of Senior Notes in October 2010. Tutor Perini proceeded to acquire six companies over the next nine months."
So Mr. Blum has not been involved with the corporation for more than a dozen years. Gotta keep up guys!
https://en.wikipedia.org/wiki/Tutor_Perini
Wherein it states:
"Perini was founded in 1894 in Ashland, Massachusetts by a stonemason named Bonfiglio Perini. Under the direction of Bonfiglio's grandson, Lou Perini, the company moved into the real-estate business, developing 4,500 acres (1,800 ha) in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving the company deeply in debt by the mid-1990s. In 1997, Perini recapitalized, passing control to a California-based investor group led by Los Angeles-based construction executive Ronald Tutor and investor Richard Blum.
Perini was listed on the NYSE on April 1, 2004. Later that year it acquired Cherry Hill Construction, a contractor in Maryland, and in 2003 it acquired Florida-based James A. Cummings and in 2005, California-based Rudolph & Sletten, Inc.. In January 2009, the corporation acquired Philadelphia-based building contractor Keating.
While Perini maintained headquarters in Framingham, Massachusetts it commonly bid on many heavy construction projects in Massachusetts. The corporation is now headquartered in Sylmar, California. The company is heavily involved in civil infrastructure, as well as construction for the gaming and hospitality industries.
Richard Blum divested his Perini stock in 2005. In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation. Subsequent to its name change, Tutor Perini Corporation strengthened its focus towards expanding its geographical footprint throughout the United States. In order to facilitate this strategy, Tutor Perini issued $300 million of Senior Notes in October 2010. Tutor Perini proceeded to acquire six companies over the next nine months."
So Mr. Blum has not been involved with the corporation for more than a dozen years. Gotta keep up guys!
