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Turner Construction Company has agreed to acquire 100 percent of Irish-headquartered company Dornan Engineering Group.
The transaction is subject to the customary merger control approval process in the European Union.
Dornan's 1,000 direct employees will deliver approximately €700 million of work in 2024. Dornan's backlog of work is approximately €1.1 billion. Dornan delivers services on complex large-scale projects for blue-chip clients in the advanced technology sector, including data centres and biopharma facilities. The Group also delivers key projects for clients in the industrial, healthcare, commercial, aviation, and education sectors.
Turner is long recognised as a leading builder of advanced technology projects in North America and Dornan is a leader in this market in Europe. Both companies have well-established long-term client relationships. The combination of Turner and Dornan creates a business of significant scale in Europe with the ability to deliver an increased portfolio of work and a wider range of services.
Turner has expanded its service offering in Europe and is working on advanced technology projects in the Netherlands and Spain. Through the complimentary services of Dornan, Turner sees a significant opportunity to expand its presence in Europe with new and existing clients.
"Dornan brings incredible strength to Turner and is an important part of Turner’s strategy to serve clients wherever their needs are," said Peter Davoren, President and Chief Executive Officer, Turner Construction Company. Davoren continued, "The combination of Turner and Dornan will enable us to offer a broader range of services and solutions that our clients seek in Europe."
"Our employees and clients will benefit greatly as Dornan joins the Turner family of businesses," said Brian Acheson, Chief Executive Officer, Dornan. Acheson continued: "Our clients will continue to enjoy the same level of superior service as we deliver complex technical projects within time and on budget. They will also benefit from the increased scale of Dornan as part of a combined group with over $18 billion of turnover. Similarly, our employees will find increased opportunity provided by Turner to grow Dornan. I am genuinely excited and really looking forward to our future together."
