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Tutor Perini Corporation (NYSE: TPC) (formerly Perini Corporation) is one of the largest general contractors in the United States. At the end of 2008 it reported an annual revenue over $5.6 billion. Tutor Perini is headquartered in Sylmar, California and as a consequence works on many construction projects for the gaming and hospitality industries in California and Nevada.

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 (1,800 ha) 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.. In January 2009, the corporation acquired Philadelphia-based building contractor Keating.

While Perini maintained headquarters in Framingham, Massachusetts if commonly bid on many heavy construction projects in Massachusetts. Its satellite offices on the West Coast were heavily involved in construction for the gaming and hospitality industries.

In May 2009, Perini shareholders voted to change the company's name to Tutor Perini Corporation.

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

• Tutor-Saliba Corporation
• Perini Building Company
• Perini Management Services
• Perini Civil Construction
• Cherry Hill Construction
• James A. Cummings, Inc.
• Keating Building Group
• Rudolph and Sletten, Inc.
• Michael Perini

References

External links

• Perini Corporation
• Cherry Hill Construction
• James A. Cummings
• Rudolph & Sletten
• Keating Group