Balfour Beatty, the international engineering, construction, services and investment group, has announced today it has acquired RT Dooley Construction, a family-owned construction firm based in Charlotte, North Carolina, for a cash consideration of approximately $40 million.

RT Dooley specialises in corporate headquarters, corporate interiors/fit-out and "mission critical" work such as data centres and call centres. Its activities are complementary to Balfour Beatty Construction US' South East division, which is also based in Charlotte.

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Commenting on the acquisition, Balfour Beatty Chief Executive, Ian Tyler, said: "RT Dooley is a high-quality business with a leading position in its markets. As customers seek an expanded range of services from the same supplier, combining our capabilities with RT Dooley enhances our ability to meet customers' needs."

Opportunities for growth include increasing market share with existing customers and expanding RT Dooley's reach into geographic markets where Balfour Beatty Construction US already has a presence.

The management, including David and Bob Dooley, will remain with the business in their current leadership roles.

(CD/JM)