The international infrastructure group operating in construction services, Balfour Beatty, has announced that it is to acquire SpawMaxwell Company, the largest interior construction contractor in Texas and the sixth largest general contractor in Houston.

The business is being acquired from its management for a total cash consideration of up to $25 million.

The acquisition enhances the position of Balfour Beatty Construction US as a single source of construction capabilities in the Texas building markets and is in line with its strategy of expanding in selected geographic markets.

-- Advertisement --

SpawMaxwell has offices in Houston, Austin and Dallas and has delivered more than 40 million square feet of premium commercial and healthcare interior construction projects.

SpawMaxwell's customers include the City of Houston, Memorial Hermann Healthcare System and Gulf States Toyota.

The management of SpawMaxwell will remain with the business in their current leadership roles.

Commenting on the acquisition, Balfour Beatty Chief Executive, Ian Tyler, said: "The 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. We look forward to SpawMaxwell joining the Balfour Beatty Group and driving our growth across the largest building markets in Texas."

(CD/BMcC)