Family-owned US construction management firm RT Dooley has been sold to a US division of Balfour Beatty, the global engineering and construction giant, for a cut-price $40 million.
RT Dooley specialises in corporate headquarters, corporate interiors and “mission-critical” infrastructure such as data centres and call centres. The deal joins RT Dooley with Balfour Beatty Construction’s Southeast Division in a $1 billion-plus enterprise.
David Dooley, CEO of RT Dooley, said the family business was thrilled to be joining forces with Balfour Beatty, a UK-based company with revenues of $14 billion. “This is a unique strategic partnership enables us to scale up quickly in order to serve the increasingly global needs of our clients, while allowing us to retain and enhance the RT Dooley brand and the relentless focus on customers that has been our hallmark for more than three decades,” he said.
RT Dooley was founded in 1977 by Robert Thomas Dooley Jr and had revenues of $306 million last year. It has recently been recognised for developing environmentally sustainable practices and programmes. Both David and Robert will remain with the business in their current roles.