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Balfour Beatty buys SpawMaxwell for £14.9m

Balfour Beatty has acquired US contractor SpawMaxwell Company for a total cash consideration of around £14.9 million.

The purchase is set to enhance the position of Balfour Beatty Construction US as a single source of construction capabilities in the Texas building markets.

The management of SpawMaxwell will remain with the business in their current leadership roles.

SpawMaxwell has delivered more than 40 million sq ft of premium commercial and healthcare interior construction projects.

It has offices in Houston, Austin and Dallas and also has a growing “core and shell” construction portfolio in Texas.  

Balfour Beatty chief executive Ian Tyler said: “The acquisition of SpawMaxwell provides us with a substantial presence in key Texas markets outside Balfour Beatty Construction’s base in Dallas and enables us to provide an expanded range of services for customers.  

“We look forward to SpawMaxwell joining the Balfour Beatty Group and driving our growth across the largest building markets in Texas.”