About Turner Construction Company Inc

Turner Construction has been the mastermind for scores of head-turning projects for more than a century. The company that built Madison Square Garden has ranked among the leading general builders in the US since the early 1900s. Turner provides construction and project management services for commercial and multifamily buildings, airports, and stadiums, as well as correctional, educational, entertainment, and manufacturing facilities. The company is also a leader in sustainable or green building practices. Founded in 1902 by Henry Turner, the company is the main operating unit of The Turner Corporation, which is a subsidiary of German construction group HOCHTIEF.

Operations

Turner works on more than 1,500 projects each year (as of mid-2016). For decades Turner has kept tabs on construction prices with its quarterly Building Cost Index, which forecasts construction costs by taking into account labor rates, productivity, and material prices. The index is used by federal and state governments to track building costs and pricing trends.

As part of HOCHTIEF's Americas division, Turner works alongside other contractors in the US and Canada such as Flatiron, E.E. Crus, and Clark Builders. HOCHTIEF reiterated in 2016 that the America subsidiaries are closely related and work together to exchange information and experience. The Americas division generated around 50% of HOCHTIEF's total revenue during 2015.

Geographic Reach

The company has offices across North America, as well as in 20 countries in Southeast Asia, Europe, India, Latin America, the Caribbean, and the Middle East (as of mid-2016).

Sales and Marketing

The contractor works on projects in the aviation/transportation, commercial, cultural and entertainment, data center, education, government, and green building markets (as of mid-2016).

Strategy

Turner's ties to HOCHTIEF have helped strengthen the company's services and extend its international reach. Turner often teams with sister company Flatiron to complete projects. By collaborating and marketing their services jointly, the two companies combine strengths in refurbishment and construction services.

Some of Turner's more recent projects (as of mid-2016) have included the Cobo Center and Quicken Loans Technology Center in Detroit, as well as the NASA Computational Research Center in Hampton, Virginia.

Turner has also worked to meet growing demand for green and sustainable construction. More than 425 of its projects have earned Leadership in Energy and Environmental Design (LEED) certification. A few of its green projects include the Seattle office of Perkins+Will, the Yale University Health Services Center, and RAND corporate headquarters.

As the residential markets slowed in past years, Turner pivoted toward securing commercial projects in the public, health care, and science and technology sectors. Sports projects also provided the company with a solid pipeline; the company's dedicated sports division had completed some $5 billion in work since 2000.

Company Background

Other notable projects in Turner's history include the World War II Memorial in Washington, DC, the John F. Kennedy Memorial Library in Boston, and the Rock and Roll Hall of Fame. Turner also built the new Yankee Stadium in New York. The company reached a milestone in 2008 by inking its 15,000th major contract.

To expand its operations in Canada, Turner in late 2011 agreed to partner with Clark Builders in a deal that gives Turner a 51% stake in the Edmonton-based company. For the effort, Clark Builders gains access to Turner's financial and management resources. The alliance strengthens Turner's Toronto and Vancouver foothold and helps to extend the reach of the company's business into other Canadian markets.

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Turner Construction Company Inc

375 Hudson St
New York, NY 10014-3667
Phone: 1 (212) 229-6000
Fax: 1 (212) 229-6390

Stats

  • Employer Type: Subsidiary
  • President and CEO: Peter J. Davoren
  • EVP (New York, New Jersey, Maryland, Pennsylvania, Connecticut and New England): Pasquale A. Di Filippo
  • SVP and CFO: Karen O. Gould

Major Office Locations

  • New York, NY

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