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Re: Tutor Perini installs 3.2 miles of substandard rails in SF job ...
Author: Carol L Voss
Date: 05-12-2018 - 20:36
Commenter Wrote:
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> Now that's weird. Tutor Perini is a publicly
> traded corporation. It trades as TPC on NYSE. And
> so off we go to Wikipedia:
>
> [en.wikipedia.org]
>
> 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!
Did not realize they had acquired Rudolf and Sletten—- dealt with them for many years in my org and know of their work elsewhere in No Cal, notably the Monterey Bay Aquarium. Always a class act producing quality construction.
C
-------------------------------------------------------
> Now that's weird. Tutor Perini is a publicly
> traded corporation. It trades as TPC on NYSE. And
> so off we go to Wikipedia:
>
> [en.wikipedia.org]
>
> 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!
Did not realize they had acquired Rudolf and Sletten—- dealt with them for many years in my org and know of their work elsewhere in No Cal, notably the Monterey Bay Aquarium. Always a class act producing quality construction.
C
