Tutor Perini Corp. acquired Frontier-Kemper and plans to acquire Lunda Corp., adding significantly to its market share in heavy and civil construction, especially in the Midwest. Tutor Perini says in a statement that it will pay $153.5 million for Lunda--$131.8 million in cash and $21.7 million in debt. In addition, Tutor Perini says there is a structured earnout based on profitability targets for three years. The transaction is scheduled to close July 1, 2011. Founded in 1938, Lunda Construction Co. is based in Black River Falls, Wisc. It has extensive experience in bridges and marine and railroad-related construction. The company’s plainly presented website
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.