Tutor Perini Corporation, formerly known as Perini Corporation, was incorporated
in 1918 as a successor to businesses which had been engaged in providing construction
services since 1894. Tutor Perini Corporation and its consolidated subsidiaries
is a leading construction company, based on revenue, as ranked by Engineering
News-Record (“ENR”), offering diversified general contracting, construction
management and design-build services to private customers and public agencies
throughout the world. Our corporate headquarters are in Sylmar, California,
and we have various other principal office locations throughout the United States
and certain U.S. territories. Our common stock is listed on the New York Stock
Exchange under the symbol “TPC”. We are incorporated under the laws
of the Commonwealth of Massachusetts.
We and our predecessors have provided construction services since 1894 and
have established a strong reputation within our markets by executing large,
complex projects on time and within budget, while adhering to strict quality
control measures. We offer general contracting, pre-construction planning and
comprehensive project management services, including the planning and scheduling
of the manpower, equipment, materials and subcontractors required for a project.
We also offer self-performed construction services, including site work, concrete
forming and placement, steel erection, electrical, mechanical, plumbing, and
heating, ventilation and air conditioning (HVAC).
Our business is conducted through three basic segments: Civil, Building and
Specialty Contractors.
Civil Segment
Our Civil segment specializes in public works construction and the repair, replacement
and reconstruction of infrastructure across most of the major geographic regions
of the United States. Our civil contracting services include construction and
rehabilitation of highways, bridges, mass-transit systems, and water management
and wastewater treatment facilities.
The Civil segment is comprised of the Company’s legacy heavy civil construction
operations (civil operations of the former Perini Corporation and Tutor-Saliba,
including Black Construction) and three companies acquired by the Company in
2011. Frontier-Kemper is a heavy civil contractor engaged in: 1) the constructing
of tunnels for highways, railroads, subways and rapid transit systems, shafts
and other facilities for water supply, wastewater transport and hydroelectric
projects, and 2) the developing and equipping of mines with innovative hoisting,
elevator and vertical conveyance systems. Lunda Construction is a heavy civil
contractor engaged in the construction, rehabilitation and maintenance of bridges,
railroads and other civil structures throughout the United States. Becho is
engaged in drilling, foundation and excavation support for shoring, bridges,
piers, roads and highway projects, primarily in the southwestern United States.
We believe that the Company has benefitted through these acquisitions by allowing
us to expand our geographic presence, enhance our civil construction capabilities
and add experienced management with a proven, successful track record.
Building Segment
Our Building segment has significant experience providing services to a number
of specialized building markets for private and public works customers, including
the hospitality and gaming, transportation, health care, corporate and municipal
offices, sports and entertainment, education, correctional facilities, biotech,
pharmaceutical, industrial and high-tech markets. We believe the success of
the Building segment results from our proven ability to manage and perform large,
complex projects with aggressive fast-track schedules, elaborate designs and
advanced mechanical, electrical and life safety systems, while providing accurate
budgeting and strict quality control. Although price is a key competitive factor,
we believe our strong reputation, long-standing customer relationships and significant
level of repeat and referral business have enabled us to achieve our leading
position.
Specialty Contractors Segment
Our Specialty Contractors segment specializes in electrical, mechanical, plumbing,
HVAC, fire protection systems and pneumatically placed concrete for a full range
of civil and building construction projects in the industrial, commercial, hospitality
and gaming, and mass-transit end markets. This segment provides the Company
with unique strengths and capabilities that position us as a full-service contractor
with greater control over scheduled work, project delivery and risk management.
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