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| Type | Subsidiary of Hochtief AG |
|---|---|
| Founded | 1902 |
| Founder(s) | Henry C. Turner |
| Headquarters | 375 Hudson Street New York City,  |
| Number of locations | 46 Offices in the US Presence in 20 Countries |
| Area served | International |
| Key people | Peter J. Davoren (President & CEO) Nicholas Billotti (EVP) John DiCiurcio (EVP) Bill Brennan (EVP) Pat Di Filippo (EVP) Stu Robinson (EVP) Rod Michalka (EVP) Wilfried Eckhert (EVP, CFO) Kenneth Leach (EVP) |
| Industry | Construction Management, General Contracting |
| Products | Preconstruction Consulting Logistics |
| Services | Consulting |
| Revenue | $10.6 billion (2008) |
| Employees | 5,200 (2008) |
| Parent |  Hochtief |
| Divisions | Green Building Healthcare Pharmaceutical Commercial Sports Transportation Aviation Education |
| Subsidiaries | Turner International Turner Universal Service Products Buildings, Inc. Tompkins Builders, Inc Turner Logistics, LLC |
| Website | www.turnerconstruction.com |
Turner Construction Company is one of the largest construction management companies in the United States with a construction volume of $10.6 billion in 2008. It is a subsidiary of Hochtief Germany.
Contents |
History
The early years
Henry Chandlee Turner (b.1871) created Turner Construction during 1902 with $25,000 in start-up capital in New York City on 11 Broadway.[1] Turner's first job was a $687 project to build a concrete vault for Thrift Bank in Brooklyn. In 1903, a Scottish industrialist named Robert Gair involved in manufacturing paper products hired Turner Construction to build a plant in Brooklyn.[1] The facility, finished in 1904, measured 180,000 sq ft (17,000 m2), making it the largest reinforced concrete building in the US. At the same time the company was developing plans for the Gair building, it began building staircases for the New York City subway system. The stairs were designed to be constructed with steel, but Turner thought concrete was a less expensive alternative. After examining public bidding records, Turner undercut competing offers and was awarded the chance to build several staircases in concrete. His alternative worked, leading to contracts for over 50 staircases and platforms for the Interborough Rapid Transit. Branch offices were established to help the company maintain its expanding geographic scope, beginning with an office in Philadelphia in 1907, Buffalo in 1908,[1] followed by a Boston office in 1916.[1] When the US entered World War I, Turner was among the country's most successful builders. The first 15 years of Turner's history saw it complete $35 million worth of work[1] and constructed buildings for some of the country's largest businesses, including Western Electric, Standard Oil, Kodak and Colgate.[1]
From World War I to the Great Depression, the company's billings grew from under $12 million to nearly $44 million. Like most industries, construction suffered during the economic collapse and Turner's volume fell to $2.5 million by 1933.[1] The company recovered and revenues increased to $12 million by 1937.[1] The company's commercial construction was suspended during the war years, instead focusing on constructing military camps, factories, and government buildings. Henry Turner ended his reign as president in 1945. He relegated himself to chairman, making room for his brother, Archie Turner, as president. Archie Turner led the company through the war, but poor health limited his tenure. In October 1946, Henry Turner retired as chairman, handing the post to his ailing brother. For his replacement, Archie Turner selected Admiral Ben Moreell, the individual responsible for forming the Seabees. One month after his appointment, Archie Turner died of a heart attack.[1] Four months later, Moreell resigned, and the void was filled by Henry Turner's son, Henry Chandlee (Chan) Turner, Jr.[1]
Postwar projects
Under Chan Turner the company grew as a result of numerous high-profile construction projects. After surpassing $100 million in revenues in 1951, Turner built the United Nations Secretariat building in New York in 1952[1] and the New York headquarters of Chase Manhattan Bank in 1956.[1] During the 1960s, notable projects included the Lincoln Center for the Performing Arts in the early 1960s[1] and Madison Square Garden in 1967.[1] A branch was opened in Cincinnati in 1954, followed by offices in Los Angeles in 1964, Cleveland and Columbus in 1966, and San Francisco in 1968.[1] In 1969, Turner issued over-the-counter stock.[1] In 1972, the company's stock began trading on the American Stock Exchange. The company added offices in Detroit and Denver in 1973; Pittsburgh and Atlanta in 1976; Seattle in 1977; and Miami and Portland in 1979. Notable projects included the Vanderbilt University Medical Center Hospital in 1974[1] and the John Fitzgerald Kennedy Library in 1977,[1] the year Turner eclipsed $1 billion in sales.[1]
Howard Sinclair Turner became president in 1965, and was chairman from 1970 to 1978, when he was succeeded by Walter B. Shaw. Shaw joined the company shortly before the war, was one of Admiral Moreell's Seabee officers in the Pacific and returned to Turner Construction after the war.
In 1981 Turner Construction acquired Universal Construction, a business founded by Franklin P. Gresham in Huntsville, Alabama.[1]
In 1984, Shaw appointed Herbert Conant as president. In 1984, the Turner Corporation was formed as a holding company with Turner Construction, Turner International Industries and Turner Development Corporation, as subsidiaries. In this new guise, the company added to its physical presence, opening an office in Connecticut in 1980; three California offices in 1983, an office in Orlando in 1984 and offices in Phoenix and Nashville in 1986. A San Jose branch was opened in 1987, followed by Dallas in 1988, and offices in Arlington Heights and Kansas City in 1989. Among the projects completed during the 1980s were the Texas Commerce Tower, United Airlines Terminal 1 at O'Hare International Airport, and Los Angeles' First Interstate World Center.[1]
Turner Construction in the 1990s and present
Turner Construction Company erected several sports stadiums during the 1990s. The field was not new to the company: their first sports contract was construction of the promenade at Harvard Stadium in 1910, followed by a football stadium for the University of Pittsburgh in 1925.[1] In 1995, the company completed construction of the Rose Garden Arena, Portland. In 1996, they built a 72,000-seat stadium in Charlotte, North Carolina, followed by completion of INVESCO Field at Mile High in 2001.[1]
In August 1999, Hochtief AG of Germany purchased The Turner Corporation for $370 million.[2] By extension, Turner Construction Company gained access to Hochtief’s operations in Australia, the United Kingdom and the heavy construction field. In 2002, Turner Construction expanded its presence in the Washington D.C. area by acquiring J.A. Jones-Tompkins Builders, Inc., the former subsidiary of J.A. Jones Construction Company. Tompkins Builders, Inc., a new entity, is now a wholly owned subsidiary of Turner Construction.[3]
Operations
Turner has 46 offices in the U.S., is active in 20 countries around the world and averages 1,500 projects per year. Turner services include construction management, general contracting, consulting, construction procurement, insurance and risk management. According to Engineering News-Record’s 2008 Top 400 Contractors Sourcebook, Turner is the largest "Green contractor" in the United States[4] and the third largest contractor overall in the United States.[5] In 2008, Turner completed more than $3 billion of green construction projects.[6] In addition, the firm’s sustainable construction work has grown to 40% of its backlog.[6] Turner’s green building projects are in wide array of building types including in the education, commercial, healthcare and aviation segments. Turner has completed 80 projects that have been LEED Certified by the U. S. Green Building Council (USGBC).[6] An additional 130 projects are LEED Registered.[6] Turner City illustrates projects Turner has successfully completed in a given year. It has been produced by the company annually since 1910.[1]
Building types
Turner operates a number of national segment groups, which focus on a particular building type. These include Green Building, Healthcare, Justice, Pharmaceutical and Biotechnology, Public Assembly, Sports, Transportation and Aviation. Turner also offers several services. These services include Turner Logistics, supply chain management, Turner Facilities Management Solutions (FMS) and Turner Casualty & Surety (TCS), which provides proactive safety and loss control programs and an operationally integrated risk management approach.
Major projects
Northeast
- Yankee Stadium: New York City, New York
- Hearst Tower: New York City, New York
- World Trade Center Clean-up: New York City, New York
- Madison Square Garden: New York City, New York
- Pfizer Technical Development Facility: New York City, New York
- The Solaire, The Verdesian and The Visionaire Green apartment high-rises: New York City, New York
- Franklin Field: Philadelphia, Pennsylvania
- National Constitution Center: Philadelphia, Pennsylvania
- Lincoln Financial Field: Philadelphia, Pennsylvania
- One Logan Square: High-rise building: Philadelphia, Pennsylvania
- August Wilson Center for African American Culture: Pittsburgh, Pennsylvania
- United States Patent and Trademark Office: Alexandria, Virginia
- Johns Hopkins School of Medicine, Research Building: Baltimore, Maryland
- Westinghouse Electric Company Headquarters Campus: Cranberry, Pennsylvania
- Yale University Health Services Center: New Haven, Connecticut
- Yale School of Forestry & Environmental Studies / Kroon Hall: New Haven, Connecticut
Midwest
- Great American Insurance Building at Queen City Square: Cincinnati, Ohio
- University of Chicago Center for Biomedical Discovery: Chicago, Illinois
- Kansas Speedway: Kansas City
- Arrowhead Stadium renovation: Kansas City
- United Airlines Terminal 1: Chicago, Illinois
- Art Institute of Chicago: The Modern Wing
- Aon Center (Chicago)
- Soldier Field Renovation & Expansion: Chicago, Illinois
- University of Illinois at Urbana-Champaign Residence Hall and Student Dining and Residential Programs Buildings: Champaign, Illinois
- Lambeau Field Redevelopment: Green Bay, Wisconsin
- Justice Center: Cleveland, Ohio
- Rock and Roll Hall of Fame: Cleveland, Ohio
- Lucas County Arena: Toledo, Ohio
West Coast
- Sacramento International Airport Terminal B: Sacramento, California
- Haborview Medical Center, 9th and Jefferson: Seattle, Washington
- Stanford University Graduate School of Business: Palo Alto, California
- Rose Garden Arena: Portland, Oregon
- Fred Hutchinson Cancer Research Center Phase IV: Seattle, Washington
- Seahawks Stadium: Football stadium: Seattle, Washington
- 555 Mission Street: San Francisco, California
International Projects
Al Hamra Tower: Kuwait City, Kuwait
Burj Dubai: United Arab Emirates- Emirates Palace Hotel : Abu Dhabi, United Arab Emirates
Mubarak Centre: Lahore, Pakistan
Taipei 101: Taiwan- Tuntex Sky Tower: Kaohsiung City, Taiwan
Al Faisaliyah Center: Riyadh, Saudi Arabia
References
- ^ a b c d e f g h i j k l m n o p q r s t u v w x Turner News: Centennial edition Turner Construction, 2002
- ^ Hochtief agrees to buy Turner for Euros350.1m Business International, 1999
- ^ CapNet leaves nest Washington Business Journal, 8 August 2003
- ^ Top Green contractors ERN
- ^ Top 100 US contractors ERN
- ^ a b c d Turner's portfolio of green projects reaches all time high Turner Construction, 20 February 2009
External links
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