Company: Balfour Beatty

Founder: George Balfour and Andrew Beatty

Industry: Construction, all major sub-branches of engineering in contracting and consulting

History:
Founded in 1909 by Scottish mechanical engineer George Balfour and English chartered accountant Andrew Beatty, Balfour Betty focused more on general construction to meet all sorts of construction projects. It eventually branched out into civil engineering. In 1922, the founders developed Power Securities to advance and finance hydro-electric projects. By 1924, the business began functioning as an international company.

However, in 1969, Power Securities, which owned Balfour Beatty, was bought by BICC, a cable manufacturer. By the turn of the new millennium, BICC was renamed Balfour Beatty as it sold its cable operations.

In the more recent years, Balfour Beatty completed several acquisition transactions. In 2003, the company acquired Mansell plc, another construction company. The transaction was worth £42 million, $64 million in USD. In 2006, Balfour Beatty acquired Birse plc, a construction and civil contractor in the UK. The company grew further as it acquired Centex Construction in 2007, and the Bristol-based Cowlin Construction, a UK construction company.

The following year, Balfour Beatty purchased GMH Military Housing, a US-based military accommodation business, for £180 million ($274.80) and Dean & Dyball for £45 million ($68.61). In September of 2009, the company declared its intention to purchase US-based management firm Parsons Brinckerhoff for $626 million.

Leadership:
Ian Tyler, Chief Executive Officer
Anthony Rabin, Deputy Chief Executive
Andrew McNaughton, Chief Operating Officer