Strategic Acquisition to Propel Turner Construction’s European Expansion
Turner Construction Company, a renowned leader in the construction industry, has announced its agreement to acquire 100% of Dornan Engineering Group.
Dornan, an Irish-headquartered specialist in mechanical, electrical, instrumentation, and commissioning engineering, operates extensively in Ireland, the UK, Continental Europe, and the Nordics.
This acquisition, pending customary merger control approval in the European Union, is set to significantly enhance Turner’s strategic growth in Europe.
A Proven Track Record
Founded in 1966, Dornan Engineering Group has built a robust reputation for delivering complex engineering solutions across various sectors. With 1,000 direct employees, Dornan is projected to deliver approximately $760 million (€700 million) worth of work in 2024.
The company boasts a substantial backlog of around $1.2 billion (€1.1 billion), with 85% of this tied to advanced technology sectors, including data centres and biopharma facilities. Dornan also serves clients in the industrial, healthcare, commercial, aviation, and education sectors, handling complex, large-scale projects for blue-chip clients.
Enhancing Capabilities Through Synergy
Turner Construction, founded in 1902 and known for its integrity, safety, and innovation, sees this acquisition as a strategic move to fortify its presence in Europe. Turner is widely recognized as a leading builder of advanced technology projects in North America. The company’s long-standing reputation for delivering challenging projects with precision makes it an ideal partner for Dornan.
Both Turner and Dornan have established long-term client relationships and a reputation for excellence. The combined entity will leverage these strengths to deliver a broader portfolio of work and a wider range of services across Europe. Turner has already expanded its service offerings in Europe, working on data centre projects in the Netherlands and Spain. Dornan’s complementary services present significant opportunities for Turner to extend its reach and cater to new and existing clients more effectively.
Leadership Perspectives
Peter Davoren, President and CEO of Turner Construction Company, expressed his enthusiasm for the acquisition: “Dornan brings incredible strength to Turner and is an important part of Turner’s strategy to serve clients wherever their needs are. The combination of Turner and Dornan will enable us to offer a broader range of services and solutions that our clients seek in Europe.”
Brian Acheson, CEO of Dornan Engineering, highlighted the benefits for both clients and employees: “Our employees and clients will benefit greatly as Dornan joins the Turner family of businesses. Our clients will continue to enjoy the same level of superior service as we deliver complex technical projects on time and within budget. They will also benefit from the increased scale of Dornan as part of a combined group with over $18 billion in turnover. Similarly, our employees will find increased opportunities provided by Turner to grow Dornan. I am genuinely excited and really looking forward to our future together.”
Meeting Increasing Demand
The acquisition is timely, as both Turner and Dornan’s multinational clients continue to expand, driving up demand for construction and engineering services across Europe. Turner’s global supply chain business, SourceBlue, is poised to help clients overcome supply chain challenges, ensuring greater certainty in project schedules, budgets, and outcomes.
Mike Kuntz, Executive Vice President of Turner Construction Company, underscored the strategic fit: “Turner has identified $20 billion of advanced technology project opportunities in Europe. The technical expertise of Dornan’s people, range of offerings, record of excellence in client service, and shared values made the company the obvious choice for Turner to accelerate growth in the region.”
Creating a Sustainable Future
Turner Construction aims to be the highest value provider of construction services, delivering complex and challenging projects across North America and in 30 countries worldwide. Known for its commitment to integrity, safety, and innovation, Turner is dedicated to creating a healthy, prosperous, and sustainable future for its people, clients, partners, and the planet.
Turner is a subsidiary of HOCHTIEF, a global infrastructure solutions provider with a strong presence in North America, Australia, and Europe. Turner and HOCHTIEF are part of the ACS Group, which employs 140,000 people worldwide and reported revenues of €35.7 billion in 2023.
A Promising Future Together
The acquisition of Dornan Engineering by Turner Construction represents a significant strategic move that will enhance both companies’ capabilities and market reach in Europe. By joining forces, they will be better positioned to meet the growing demand for advanced technology projects and deliver unparalleled service to their clients.
As Turner and Dornan look to the future, their combined expertise and shared values promise to drive innovation and growth in the construction and engineering sectors.
