Perini
Encyclopedia
Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractor
s in the United States. At the end of 2010 it reported an annual revenue of approximately $3.2 billion. Tutor Perini is headquartered in Sylmar
, California
and works on many construction projects throughout the United States and Canada. Specific areas of focus are civil infrastructure, healthcare, power, and hospitality & gaming projects.
, the company moved into the real-estate business, developing 4500 acre (1,821.1 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 Ron 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.
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. These acquisitions include:
November 1, 2010 - Superior Gunite, an industry leader in pneumatically placed structural concrete headquartered in Lakeview Terrace, CA.
January 3, 2011 – Fisk Electric, a provider of electrical and technological services headquartered in Houston, TX
April 4, 2011 – Anderson Companies, a general contractor with expertise in gaming, hospitality, commercial, government, healthcare, industrial, and educational facilities headquartered in Gulfport, MS
June 1, 2011 – Frontier-Kemper Constructors, a provider of numerous construction services including civil construction, mine development, drilling, tunneling, and electrical services headquartered in Evansville, IN
July 1, 2011 – Lunda Construction Company, provider of various construction services such as the construction, rehabilitation, and maintenance of bridges, railroads, and other civil structures headquartered in Black River Falls, WI
July 1, 2011 – GreenStar Services Corporation, one of New York’s largest providers of electrical and mechanical services that is composed of 3 operating entities: Five Star Electric Corporation, WDF, and Nagelbush
Tutor Perini is focused on fully integrating its corporation to ensure efficiency and synergies across divisions. Tutor Perini continues to competitively bid and win projects through the United States and abroad.
General contractor
A general contractor is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and communication of information to involved parties throughout the course of a building project.-Description:...
s in the United States. At the end of 2010 it reported an annual revenue of approximately $3.2 billion. Tutor Perini is headquartered in Sylmar
Sylmar, Los Angeles, California
Sylmar is a district in the San Fernando Valley region of the City of Los Angeles, California. The northernmost neighborhood in the city, Sylmar is located east of Interstate 5 and north of the city of San Fernando...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
and works on many construction projects throughout the United States and Canada. Specific areas of focus are civil infrastructure, healthcare, power, and hospitality & gaming projects.
History
Perini was founded in 1894 by an Italian-American stonemason named Bonfiglio Perini. Under the direction of Bonfiglio's grandson, Lou PeriniLou Perini
Louis R. Perini was the principal owner of the Boston/Milwaukee Braves of the National League from through . In 1945, he purchased the club from Bob Quinn, and he moved the club to Milwaukee, Wisconsin for the season after complaining of poor attendance and revenue in Boston...
, the company moved into the real-estate business, developing 4500 acre (1,821.1 ha) in Palm Beach County, Florida
Palm Beach County, Florida
Palm Beach County is the largest county in the state of Florida in total area, and third in population. As of 2010, the county's estimated population was 1,320,134, making it the twenty-eighth most populous in the United States...
. 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
Los Angeles, California
Los Angeles , with a population at the 2010 United States Census of 3,792,621, is the most populous city in California, USA and the second most populous in the United States, after New York City. It has an area of , and is located in Southern California...
-based construction executive Ron Tutor and investor Richard Blum
Richard C. Blum
Richard C. Blum is an investment banker and the husband of United States Senator from California Dianne Feinstein. He is the Chairman and President of Blum Capital, an equity investment management firm that acts as general partner for various investment partnerships and provides investment...
.
Perini was listed on the NYSE on April 1, 2004. Later that year it acquired Cherry Hill Construction, a contractor in Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...
, and in 2003 it acquired Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
-based James A. Cummings and in 2005, California-based Rudolph & Sletten, Inc.
Rudolph and Sletten
Rudolph and Sletten is a general contracting firm on the United States west coast providing general contracting and construction management services, from site selection and preconstruction services through project completion...
. In January 2009, the corporation acquired Philadelphia-based building contractor Keating.
While Perini maintained headquarters in Framingham
Framingham, Massachusetts
Framingham is a New England town in Middlesex County, Massachusetts, United States. The population was 68,318 as of the United States 2010 Census. -History:...
, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
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
Gambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...
and hospitality
Hospitality
Hospitality is the relationship between guest and host, or the act or practice of being hospitable. Specifically, this includes the reception and entertainment of guests, visitors, or strangers, resorts, membership clubs, conventions, attractions, special events, and other services for travelers...
industries.
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. These acquisitions include:
November 1, 2010 - Superior Gunite, an industry leader in pneumatically placed structural concrete headquartered in Lakeview Terrace, CA.
January 3, 2011 – Fisk Electric, a provider of electrical and technological services headquartered in Houston, TX
April 4, 2011 – Anderson Companies, a general contractor with expertise in gaming, hospitality, commercial, government, healthcare, industrial, and educational facilities headquartered in Gulfport, MS
June 1, 2011 – Frontier-Kemper Constructors, a provider of numerous construction services including civil construction, mine development, drilling, tunneling, and electrical services headquartered in Evansville, IN
July 1, 2011 – Lunda Construction Company, provider of various construction services such as the construction, rehabilitation, and maintenance of bridges, railroads, and other civil structures headquartered in Black River Falls, WI
July 1, 2011 – GreenStar Services Corporation, one of New York’s largest providers of electrical and mechanical services that is composed of 3 operating entities: Five Star Electric Corporation, WDF, and Nagelbush
Tutor Perini is focused on fully integrating its corporation to ensure efficiency and synergies across divisions. Tutor Perini continues to competitively bid and win projects through the United States and abroad.
Notable Projects
- McCarran Airport
- U.S. Airways Center
- Chase FieldChase FieldChase Field is a baseball stadium located in downtown Phoenix, Arizona and is the home of the Arizona Diamondbacks of Major League Baseball. It opened in , just in time for the Diamondbacks' first game as an expansion team...
- Encore Las Vegas
- Planet HollywoodPlanet HollywoodPlanet Hollywood, a restaurant inspired by the popular portrayal of Hollywood, was launched in New York on October 22, 1991, with the backing of Hollywood stars Sylvester Stallone, Bruce Willis, Demi Moore, and Arnold Schwarzenegger.-History:...
, Las VegasLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its... - Santa Monica Hospital
- Long Island Expressway
- San Rafael Bridge
- San Jose Arena
- Iraq War reconstruction contracts
- CityCenter, Las VegasLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its... - Gaylord National Resort & Convention CenterGaylord National Resort & Convention CenterThe Gaylord National Resort & Convention Center is a large hotel and convention center located in National Harbor, Maryland and owned by Gaylord Hotels, a division of Gaylord Entertainment Company...
(joint venture with Tompkins Builders) - Red Rock Resort Spa and CasinoRed Rock Resort Spa and CasinoRed Rock Resort Spa and Casino is a resort spa and casino owned by Station Casinos on located in the Summerlin village of Summerlin Centre in Summerlin, Nevada. Red Rock is located far off of the Las Vegas Strip; it is known as a locals casino. Located on Charleston Boulevard at the interchange of...
, Las VegasLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its... - Trump International Hotel and Tower (Las Vegas)Trump International Hotel and Tower (Las Vegas)The Trump Hotel Las Vegas is a 64-story luxury hotel-condominium located on Fashion Show Drive near Las Vegas Boulevard just off the Las Vegas Strip in Paradise, Nevada, named for famed real estate developer Donald Trump...
, Las VegasLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its... - Cosmopolitan of Las Vegas, Las VegasLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its... - Palms Casino Resort, Las VegasLas Vegas, NevadaLas Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, NevadaNevadaNevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
Divisions
- Tutor Perini Civil Construction
- Tutor-Saliba CorporationTutor-Saliba CorporationThe Tutor-Saliba Corporation is a building contractor and heavy civil works construction company. In 2008, it was ranked the 37th largest general contractor in the United States by Engineering News-Record.-Portfolio:...
- Cherry Hill Construction
- Lunda Construction Company
- Frontier-Kemper Constructors
- Perini Building CompanyPerini Building Company- Projects :* CityCenter*Trump Las Vegas*Boston Worcester Turnpike*Thomas and Mack Center*Hard Rock Hotel and Casino*Harrah's Las Vegas*Pala Casino Resort and Spa*The Palms*Mohegan Sun*Sheraton Phoenix Downtown*Cosmopolitan of Las Vegas...
- Rudolph and Sletten, Inc.
- Keating Building Group
- James A. Cummings, Inc.
- Anderson Companies
- GreenStar Services Corporation
- Fisk Electric Company
- Desert Mechanical
- Superior Gunite
- Perini Management Services
- Black Construction Company
Civil
- Tutor Perini Corporation
- Tutor Saliba Corporation
- Cherry Hill Construction
- Lunda Construction Company
- Frontier-Kemper Constructors
Building
- Perini Building Company
- Rudolph & Sletten
- Keating Building Company
- James A. Cummings
- Anderson Companies