Tutor Perini Buys Electrical Construction Firm

Construction company Tutor Perini Corp. has acquired electrical construction contractor Fisk Electric Co. in a deal worth $105 million. The purchase of Fisk, based in Houston, gives Tutor Perini additional electrical construction capabilities and synergies in support of non-residential building and civil operations. Fisk will become a wholly-owned subsidiary of Tutor Perini and continue to be operated by its management team. The company employs more than 1.450 staff and electricians. Tutor Perini will finance the purchase using proceeds from a bond transaction that closed in October. Mark R. Madler