Flatiron, Dragados Merge, Creating Second-Largest U.S. Civil Contractor

ACS Group and HOCHTIEF, the respective owners of Dragados and Flatiron, announced that they have agreed on key terms for the combination of the two companies, with ownership of the integrated company held 61.8 percent by ACS Group and 38.2 percent by HOCHTIEF. The company will be managed by Peter Davoren as chairman (in addition to his current role as chairman, CEO and president of Turner) and the current CEO of Flatiron, Javier Sevilla, as CEO....

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Aug 1, 2024 - 16:50
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Flatiron, Dragados Merge, Creating Second-Largest U.S. Civil Contractor
ACS Group and HOCHTIEF, the respective owners of Dragados and Flatiron, announced that they have agreed on key terms for the combination of the two companies, with ownership of the integrated company held 61.8 percent by ACS Group and 38.2 percent by HOCHTIEF. The company will be managed by Peter Davoren as chairman (in addition to his current role as chairman, CEO and president of Turner) and the current CEO of Flatiron, Javier Sevilla, as CEO....
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