International engineering, construction, services and investment group Balfour Beatty has acquired RT Dooley Construction, a family-owned construction firm based in Charlotte, North Carolina, for $40 million in cash.

International engineering, construction, services and investment group Balfour Beatty has acquired RT Dooley Construction, a family-owned construction firm based in Charlotte, North Carolina, for $40 million (£28 million) in cash.  

RT Dooley specialises in corporate headquarters and corporate interiors. Its activities are complementary to Balfour Beatty Construction US’s South East division, which is also based in Charlotte, the company said.

The deal will increase the engineering giant’s market share with existing customers while expanding RT Dooley’s footprint in markets where Balfour Beatty already has a presence.

Ian Tyler, Balfour Beatty CEO, said: “As customers seek an expanded range of services from the same supplier, combining our capabilities with RT Dooley enhances our ability to meet customers’ needs.”

RT Dooley reported operating profit of some $7 million last year on revenues of some $300 million. The management, including David and Bob Dooley, will remain with the business in their current positions.