Perini

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Perini Corporation
Type public
Founded 1894
Headquarters Framingham, Massachusetts, United States
Key people Ronald Tutor, CEO
Industry construction
Revenue USD 3.0 billion (2006)
Net income USD 41.4 million (2006)
Employees 5,275
Website perini.com

Perini Corporation (NYSE: PCR) is one of the largest general contractors in the United States. At the end of 2004 its revenue was almost $2 billion. Perini is headquartered in Framingham, Massachusetts and as a consequence bids on many heavy construction projects in Massachusetts. Its satellite offices on the West Coast are heavily involved in construction for the gaming and hospitality industries.

Contents

[edit] History

Perini was founded in 1894 by an Italian-American stonemason named Bonfiglio Perini. Under the direction of Bonfiglio's grandson, Louis Perini, the company moved into the real-estate business, developing 4,500 acres (18 km²) 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.[1]

Perini was listed on the NYSE on April 1, 2004. Later that year it acquired Cherry Hill Construction, a contractor in Maryland, and in 2005 it acquired Florida based James A. Cummings and California based Rudolph & Sletten, Inc..

[edit] Notable Projects

[edit] Divisions

  • Perini Building Company
  • Perini Management Services
  • Perini Civil Construction
  • Cherry Hill Construction
  • James A. Cummings, Inc.
  • Rudolph & Sletten, Inc.
  • Michael Perini

[edit] References

  1. ^ Peter J. Howe. "Cashing in", Globe 100, The Boston Globe, 2007-05-23, pp. 26–28. 

[edit] External links