- US Markets Bracing for Selloff on Dubai Debt Worries
- US Dollar Falls to 14-Year Low Against the Yen
- No Thanksgiving Rest for Retailers in Sales Race
- UK's Darling to Downgrade 2009 Growth Forecast
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Bankruptcies Jump, Hitting Highest Level in Four Years
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Rush starts as holiday shopping season revs up
- Immigration reform activists diversifying ranks
- Car insurance scofflaws raise health mandate doubt
- Peach farmers block Greek highway
- Perry leads Texas GOP fight against climate bill
- Robotic hamsters are holidays' unlikely new craze
- Bookstore chain Borders UK appoints administrators
- Tommy Hilfiger's estate in Conn. sells for $20M
- Repsol says it will invest $1.5 billion in Bolivia
UK's Balfour Beatty acquires SpawMaxwell of Texas
Text Size 
LONDON - British infrastructure group Balfour Beatty PLC said Friday it is acquiring SpawMaxwell Co., the largest interior construction contractor in Texas, in a deal worth up to $25 million in cash.
SpawMaxwell is the sixth-largest general contractor in Houston, and has offices in Dallas and Austin, Balfour Beatty said.
SpawMaxwell's current management will remain in place, Balfour Beatty said.
"The acquisition of SpawMaxwell provides us with a substantial presence in key Texas markets outside Balfour Beatty Construction's base in Dallas and enables us to provide an expanded range of services for customers," said Balfour Beatty Chief Executive Ian Tyler.
___
On the Net: http://www.balfourbeatty.com/
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Print
Email
- What you need to know.
- Ever wished your cab driver would stop nattering and just get to where you're going? Well that moment is near(er).
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
Data is a real-time snapshot *Data is delayed at least 15 minutes