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Related Sponsors
- For the yacht maker see Perini Navi
| 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 |
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..
Notable Projects
- San Jose Arena
- Iraq War reconstruction contracts
- Project CityCenter, Las Vegas, Nevada
- Gaylord National Resort & Convention Center (joint venture with Tompkins Builders)
- Red Rock Resort Spa and Casino, Las Vegas, Nevada
- Trump International Hotel and Tower (Las Vegas), Las Vegas, Nevada
- The Cosmopolitan Resort & Casino, Las Vegas, Nevada
- Palms Casino Resort, Las Vegas, Nevada
- Bank One Ballpark, Phoenix, Arizona
Divisions
- Perini Building Company
- Perini Management Services
- Perini Civil Construction
- Cherry Hill Construction
- James A. Cummings, Inc.
- Rudolph & Sletten, Inc.
- Michael Perini
References
- ^ Peter J. Howe (2007-05-23). "Cashing in", Globe 100, The Boston Globe, pp. 26–28.
External links
Wikipedia content modification information:
- This page was last modified on 28 June 2008, at 16:25.
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