Corporate News

  • Construction of the LAX Automated People Mover guideway over Sepulveda Boulevard in Los Angeles
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    Courtesy of Brandon Tseng/Los Angeles World Airports
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    Fluor posts Q3 loss, remains bullish on power projects

    A $653 million charge on a long-completed LNG project in Australia undercut results, though executives still expect a bounceback.

    By • Nov. 7, 2025
  • Four construction workers in reflective vests work on a partly-built concrete and metal bridge.
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    Courtesy of Tutor Perini
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    Tutor Perini posts $21.6B backlog, buoyed by infrastructure spending

    The Los Angeles-based heavy civil contractor added $2 billion to its pipeline in the third quarter, and sees $25 billion in bid opportunities on the horizon.

    By • Nov. 7, 2025
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    Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
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    WSP downplays M&A rumors, government shutdown

    The Montreal-based builder recorded gains across its backlog, profits and revenue year over year in Q3 while affirming its commitment to the North American market.

    By • Nov. 7, 2025
  • A shot of a group of people sitting at circular banquet tables amid a crowd. A podium sits to the right of the image.
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    Courtesy of Turner Construction
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    Turner unveils ‘wall to wall’ partnership with OpenAI

    Announced at its innovation summit in Nashville, Tennessee, the two-year deal will help the contractor accelerate its artificial intelligence use, the company said.

    By • Nov. 5, 2025
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    As M&A ramps up, Cumming Group acquires LeftField

    The move, which comes amid a flurry of acquisition activity, doubles Cumming Group’s size in the New England region.

    By • Nov. 3, 2025
  • HSR review, intangible assets, GAAP, FTC, DOJ
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    WSP reportedly eyes Jacobs with multibillion-dollar offer

    StreetInsider reported Jacobs hired investment bankers to consider the bid, but swallowing the Dallas-based contractor whole could pose challenges for WSP, an analyst wrote.

    By • Oct. 27, 2025
  • A building at night lit up by lights up front. It is large, brown and blocky.
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    Courtesy of Sundt Construction
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    Sundt names new CEO

    Cade Rowley, who joined the Tempe, Arizona-based contractor in 1998 as a field engineer, takes over the top C-suite role.

    By • Oct. 21, 2025
  • On a bright day, water flows over a dam and down into a larger body of water.
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    Permission granted by Mark Sobhani Photography / Zachry Construction
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    Zachry Construction acquires Texas water infrastructure firm

    The deal will help Zachry hone in on the fast-growing water construction market.

    By • Oct. 3, 2025
  • The exterior of a level office as it overlooks the water. The name on the top of the office is "Procore."
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    Permission granted by Procore
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    Procore names first new CEO in over 2 decades

    The contech giant has picked a Hewlett-Packard vet to lead the firm as founder Tooey Courtemanche steps away from the C-suite.

    By • Sept. 24, 2025
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    Courtesy of SmithGroup
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    Project Wins

    Tutor Perini unit lands $960M California children’s hospital job

    Subsidiary Rudolph and Sletten will build a seven-floor facility in Oakland for UCSF as well as an adjacent parking structure with a rooftop heliport deck. 

    By • Sept. 15, 2025
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    Permission granted by Vornado Realty Trust
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    Executive Moves

    STO Building Group parent appoints new president

    Scott Kolbrenner joins Global Infrastructure Solutions after nearly 27 years at investment bank Houlihan Lokey, where he led the infrastructure services practice.

    By • Sept. 15, 2025
  • A photograph shows a colorful, newly built psychiatric hospital.
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    Courtesy of Puskaric Huang Photography via Warfel
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    Warfel rejoins top contractors list

    The Pennsylvania-based firm attributed its recent growth spurt to strategic hires, internal training and leveraging technology, including AI, to deliver projects faster. 

    By • Sept. 2, 2025
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    Earnings roundup: Data centers buoy builders’ bottom line

    Demand for infrastructure to support the AI boom is strong, but tariff uncertainty persists, leaders of major public construction firms said in the latest round of earnings calls. 

    By Construction Dive Staff • Aug. 19, 2025
  • A crew of people in safety gear on a construction site pose in front of a building that's under construction, steel beams and girders visible.
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    Courtesy of Gilbane Building Co.
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    Executive Moves

    Gilbane hires 20-year industry veteran for new growth role

    Veronique Bourgier will help create and execute the Providence, Rhode Island-based contractor’s long-term strategy.

    By • Aug. 14, 2025
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    Market still ‘very dynamic’: WSP CEO

    The Montreal-based firm has seen little election-related disruption and is focused on its AI strategy, CEO Alexandre L'Heureux said in a second-quarter earnings call.

    By Julie Strupp • Aug. 12, 2025
  • An aerial shot shows a tugboat pushing a barge on a river.
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    Courtesy of Granite Construction
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    Granite continues buying spree as backlog hits $6.1B

    The California-based road builder and materials company benefited from a robust bidding environment and continued healthy funding levels from the IIJA.

    By • Aug. 11, 2025
  • Workers walk a jobsite below an elevated high-speed rail track.
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    Courtesy of Tutor Perini
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    Tutor Perini fends off tariff impacts as backlog doubles

    The Los Angeles-based firm posted record backlog and its highest revenue since 2009 for the second quarter as its strategy to take on megaprojects produced results.

    By • Aug. 8, 2025
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    AECOM touts infrastructure as states race to use IIJA funds

    The firm now has greater clarity into the Trump administration’s construction priorities, said CEO Troy Rudd on the firm’s fiscal third quarter earnings call.

    By Julie Strupp • Aug. 7, 2025
  • An aerial view of two stadiums, one of which is under construction.
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    Courtesy of New York State
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    Turner hits record $39B in backlog, buoyed by data center work

    The New York City-based contractor grew revenue by more than 44% to $13.4 billion for the first half of 2025.  

    By • Aug. 5, 2025
  • A group of construction workers pose on a bridge.
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    Courtesy of Gordie Howe International Bridge project
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    Tariffs sap Fluor’s backlog, trigger project cancellations

    CEO Jim Breuer sees more clients taking a “wait-and-see” approach due to trade policy, input costs and interest rates.

    By • Aug. 1, 2025
  • A truck is parked in front of a partially complete concrete structure in a dirt parking lot.
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    Courtesy of Granite Construction
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    Project Wins

    Granite JV lands $158M missile defense project

    The California-based contractor will team up with Japan’s Obayashi at a site south of work already in progress at Marine Corps Base Camp Blaz in Guam.

    By • July 31, 2025
  • Sign for the Express Toll Route 407 in Ontario, Canada.
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    The image by Ken Lund is licensed under CC BY-SA 2.0
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    Executive Moves

    Canadian toll firm hires US construction exec as CEO

    Jose Espinosa brings more than 25 years of international experience in tolling and highway infrastructure work to 407 ETR.

    By Julie Strupp • July 22, 2025
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    Courtesy of Skanska/Sweco Fazer
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    Skanska CEO says its selective strategy reduces risk

    The Stockholm-based firm’s success in U.S. construction continues to anchor its success, according to a second quarter earnings report.

    By • July 21, 2025
  • An aerial view shows San Francisco International Airport.
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    Courtesy of Granite Construction
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    Project Wins

    Granite bags 2 $100M-plus contracts

    The California-based contractor will perform work at San Francisco International Airport and on I-215 in Salt Lake City.

    By • July 14, 2025
  • In an aerial view, an Amazon Web Services data center is shown situated near single-family homes on July 17, 2024 in Stone Ridge, Virginia.
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    Nathan Howard/Getty Images via Getty Images
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    PCL taps company vet to head burgeoning data center market

    The contractor cited the sector’s construction boom, which is projected to grow to $1.3 trillion by 2035, as a reason to dig deeper into the space.

    By • July 14, 2025