Tutor Perini

#5876

Rank

$351.19M

MarketCap US

US United States

Country

Summary
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction and the replacement and reconstruction of infrastructure, construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, military defense facilities, and water management and wastewater treatment facilities. This segment also provides drilling, foundation, and excavation support for shoring, bridges, piers, roads, and highway projects. The Building segment offers services in various specialized building markets, including hospitality and gaming, transportation, health care, commercial offices, government facilities, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, and industrial and technology. The Specialty Contractors segment provides electrical, mechanical, plumbing, and fire protection systems, as well as heating, ventilation, and air conditioning services (HVAC) for the industrial, commercial, hospitality and gaming, and mass-transit end markets. It also offers general contracting, pre-construction planning, and project management services, including planning and scheduling of manpower, equipment, materials, and subcontractors; and self-performed construction services, such as site work, concrete forming and placement, steel erection, electrical, plumbing, HVAC, and mechanical. The company was formerly known as Perini Corporation and changed its name to Tutor Perini Corporation in May 2009. Tutor Perini Corporation was founded in 1894 and is headquartered in Sylmar, California.

History

In 1949 Albert G. Tutor launched a family construction business, A.G. Tutor Company, Inc. His son Ronald joined the company in 1963, and the company expanded under his leadership. The organization continued its growth in 1972 through a partnership with N.M. Saliba and, in 1981 when Ron Tutor took the reigns as president of the Tutor-Saliba Corporation.

Perini Corporation 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 in Palm Beach County, Florida. Later real-estate ventures were less successful, leaving Perini deeply in debt by the mid-1990s. In 1997, Ron Tutor helped Perini Corp. recapitalize alongside investor Richard Blum. Tutor became CEO of Perini in 2000 and merged Perini with Tutor-Saliba in 2008 in a transaction valued at $862 million.Perini was listed on the NYSE on April 1, 2004. It was headquartered in Framingham, Massachusetts until relocating to Sylmar, California in 2009.In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation. Tutor Perini issued $300 million of Senior Notes in October 2010. Tutor Perini proceeded to acquire six companies over the next nine months.


Mission
Tutor Perini’s mission is to be the premier provider of quality services to the construction industry, helping to deliver exceptional value and customer satisfaction.

Vision
The vision of Tutor Perini is to be the construction organization of choice; one that attracts, retains, and rewards talented professionals who are passionate about delivering the highest quality work and exceptional customer service.

Key Team

Mr. Michael Francis Smithson (Exec. VP of Civil Group)

Mr. Ryan Joseph Soroka (Chief Accounting Officer & VP)

Mr. Jorge Casado (VP of Investor Relations & Corp. Communications)

Mr. Craig W. Shaw (Exec. VP)

Mr. William J. Palmer (Exec. VP & Chief Bus. Devel. Officer)

Mr. Marcus Leavitt (Sr. VP)

Ghassan Ariqat (Interim Pres of Roy Anderson Corp. & Exec. VP of Building & Specialty Contractors Groups)


Recognition and Awards
Tutor Perini has achieved numerous awards for both its work and its commitment to customer excellence. Some of the awards the company has earned include “Contractor of the Year” from Engineering News-Record and “Top Specialty Contractor” from Construction Executive Magazine.

References
Tutor Perini
Leadership team

Mr. Ronald N. Tutor (Chairman, CEO & Pres)

Mr. Gary G. Smalley (Exec. VP & CFO)

Ms. Wendy Ann Hallgren (Exec. VP & Gen. Counsel)

Products/ Services
Civil Engineering, Construction, Smart Building
Number of Employees
1,000 - 20,000
Headquarters
Sylmar, California, United States
Established
1894
Company Registration
SEC CIK number: 0000077543
Revenue
Above - 1B
Traded as
TPC
Social Media
Fri Mar 01 2024
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