Tutor Perini Corporation (Tutor Perini Construction) Tutor Perini Corporation (NYSE: TPC) was founded in 1894, formerly known as Perini Corporation (Perini Corporation), changed to its current name in 2009, and is headquartered in Hill, California Sylmar, with 9,100 full-time employees, is a construction company that provides diversified general contracting, construction management and design and construction services for private clients and public institutions around the world.
Tutor Perini Corporation (TPC):
Tutor Perini Corporation (formerly Perini Corporation) is one of the largest general contractors in the United States, participating in many construction projects in the United States and Canada. Dude Perini’s focus is on civil infrastructure (bridges, roads, tunnels, airports, public transportation systems), building infrastructure (health care, education, municipal administration, hotels and gaming, multi-purpose office buildings, multi-units) Residential buildings, technical projects) and professional contracting (electricity, machinery, plumbing, heating, air conditioning and ventilation (HVAC), fire protection systems, concrete pouring).
From a family business to an award-winning industry leader, Tutor Perini Corporation has a long history of decades based on intelligence, strength and integrity. These qualities and unremitting commitment to project success have driven the company to develop into a leading civil, construction and professional construction company focused on large and complex projects.
Dude Perini is divided into 3 departments to operate : Civil, Building and Specialty Contractors.
- Civil engineering department : engaged in the construction, replacement and reconstruction of infrastructure of public works, including highways, bridges, tunnels, public transportation systems, and water management and wastewater treatment facilities. This part also provides drilling, foundation and excavation support for support, bridge, wharf, road and highway projects.
- Construction sector : Provides services in various specialized construction markets, including hotels and gaming, transportation, healthcare, commercial offices, government agencies, sports and entertainment, education, correctional facilities, biotechnology, pharmaceuticals, and industrial and high-tech.
- Professional contractor sector : provides electrical, mechanical, plumbing, fire-fighting systems and pneumatic concrete services, as well as heating, ventilation and air conditioning services (HVAC) for industrial, commercial, hotel, gaming and public transportation end markets. It also provides general contractor, pre-construction planning and project management services, including manpower, equipment, materials, and subcontractor planning and arrangements; and self-executed construction services, including site work, concrete forming and pouring, erecting steel, electrical , Plumbing, HVAC and machinery.
Tutor Perini Corporation (TPC) history:
- Albert G. Tutor established AG Tutor Company Inc. in 1949, which has grown and grown under the leadership of Albert’s son Ronald Tutor throughout the century.
- In 1972, Tutor Company cooperated with NM Saliba and became Tutor-Saliba.
- Perini Corporation was founded in Ashland, Massachusetts in 1894 by a stonemason named Bonfiglio Perini. Under the leadership of Bonfiglio’s grandson Lou Perini, the company entered the real estate business, developing 4,500 acres (1,800 hectares) in Palm Beach County, Florida. Subsequent real estate investment was not very successful, and by the mid-1990s, Perini fell into heavy debt. In 1997, Ron Tutor and investor Richard Blum helped Perini Corp. recapitalize. Tutor became the CEO of Perini in 2000 and merged Perini with Tutor-Saliba in 2008.
- In 2003, Perini acquired James A. Cummings of Florida.
- Perini went public on the New York Stock Exchange on April 1, 2004.
- In 2005, the company acquired the contractor Cherry Hill Construction in Maryland and Rudolph & Sletten, Inc. in California.
- Richard Blum sold his Perini stock in 2005.
- Perini was headquartered in Framingham, Massachusetts, until it moved to Sylmar, California in 2009.
- In January 2009, the company acquired Keating Building Corporation, a Philadelphia-based construction contractor.
- In May 2009, Perini shareholders voted to change the company name to Tutor Perini Corporation. Tutor Perini issued a US$300 million senior note in October 2010. TutorPerini continued to acquire 6 companies in the next 9 months, including:
- On November 1, 2010, it acquired Superior Gunite, a structural concrete company headquartered in Lakeview Terrace, California;
- On January 3, 2011, it acquired Fisk Electric, an electrical and technical service provider headquartered in Houston, Texas;
- On April 4, 2011, it acquired Anderson Companies, a general contractor headquartered in Gulfport, Mississippi;
- On June 1, 2011, it acquired Frontier-Kemper Constructors, which provides many construction services, including civil engineering, mine development, drilling, tunneling and electrical services, headquartered in Evansville, Indiana;
- On July 1, 2011, it acquired Lunda Construction Company to provide various construction services, such as the construction, repair and maintenance of bridges, railways and other civil structures headquartered in Black River Falls, Wisconsin;
- On July 1, 2011, it acquired the electrical and mechanical service provider GreenStar Services Corporation, which is composed of three operating entities: Five Star Electric Corporation (Five Star Electric Corporation), WDF and Nagelbush.
- On March 17, 2016, after signing several smaller contracts in Manhattan’s Hudson Yards, the company has been awarded a contract worth approximately US$1.2 billion for the construction of Tower D and The Shops&Restaurants retail complex.
- In April 2018, Perutor Perini deliberately replaced rails that were weaker than those stipulated in the San Francisco construction contract, so the city ordered Perutor Perini to remove most of the rails it had already laid. The San Francisco Examiner reported that this is likely to delay the opening of the subway, and Perutor Perini may file other claims to cover its costs.