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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.
