Who is Turner Construction Owned By?

turner construction

Turner Construction is a leading builder in the industry, known for its expertise and experience. To gain a better understanding of the company, it’s essential to explore its ownership.

So, who owns Turner Construction? The company is a subsidiary of the German construction firm Hochtief AG, which is in turn owned by the Spanish company Grupo ACS. This ownership structure provides Turner Construction with substantial financial support and access to international resources.

History of Turner Construction

Turner Construction has a rich history, dating back over 115 years. The company was founded in 1902 by Henry C. Turner, a young concrete superintendent who started his own small construction firm in New York City. At the time, the construction industry was still in its infancy, and Turner saw an opportunity to grow his business by focusing on quality workmanship and customer satisfaction.

As Turner’s reputation grew, so did his company’s capabilities. In the early years, Turner Construction was primarily involved in building factories and small commercial buildings. However, as the demand for construction services increased, the company began taking on larger and more complex projects.

Over the years, Turner Construction has been involved in the construction of some of America’s most iconic structures, including the United Nations Secretariat Building, Madison Square Garden, and the Lincoln Center for the Performing Arts.

Notable moments in Turner Construction’s history

  • In 1912, Turner Construction completed the first high-rise building in New York City to be built with a steel frame, the Montgomery Ward Building.
  • In 1953, Turner Construction expanded beyond the United States, opening its first international office in Paris, France.
  • In 1983, Turner Construction completed the renovation of the Statue of Liberty, one of the country’s most beloved landmarks.

Today, Turner Construction is a global company with operations in North America, Europe, Asia, and the Middle East. The company is known for its innovative construction techniques and commitment to excellence, and remains a leader in the construction industry.

Turner Construction’s Current Ownership

As of 2021, Turner Construction is owned by the German construction company Hochtief, which is in turn owned by ACS Group, a multinational corporation based in Spain. Turner Construction was acquired by Hochtief in 1999, and has since operated as a subsidiary under their ownership.

Despite being a subsidiary, Turner Construction maintains a significant level of autonomy in their operations, decision-making, and branding. They continue to be recognized as one of the leading construction companies in the United States, with a strong reputation for quality and innovation.

Turner Construction’s Expertise

As one of the leading builders in the industry, Turner Construction has established itself as a formidable force in diverse areas of the construction industry. They specialize in:

  • Commercial construction: Turner Construction has completed a range of commercial projects, including corporate headquarters, office buildings, and retail centers.
  • Education: Their expertise in education includes K-12 schools, universities, and research facilities.
  • Healthcare: Turner Construction’s track record in healthcare projects includes hospitals, clinics, and medical research centers.
  • Infrastructure: Their infrastructure work spans rail and transit, airports, and other large-scale transportation projects.
  • Residential: They also have experience in high-rise residential buildings, including luxury apartment complexes and mixed-use developments.

In addition to their focus on diverse sectors, Turner Construction has a reputation for innovative approaches and technologies. They have a team of experts who specialize in virtual design and construction (VDC), which allows them to create BIM (building information modeling) models that help identify and mitigate potential construction challenges before they arise.

Turner Construction’s Expertise in Sustainable Construction

Turner Construction is also known for its expertise in sustainable construction. They have completed numerous LEED (Leadership in Energy and Environmental Design) certified projects, which demonstrate their commitment to green building practices.

In terms of sustainable construction, they focus on a range of areas, such as:

  • Energy efficiency: Turner Construction works with clients to optimize energy use and reduce consumption, while maintaining comfort and functionality for building occupants.
  • Material selection: They prioritize the use of sustainable and locally sourced materials, which can help reduce the environmental impact of construction projects.
  • Waste reduction: Turner Construction has also taken measures to minimize waste on construction sites through recycling and waste management practices.

Overall, Turner Construction’s expertise in diverse sectors and sustainable construction practices have established them as one of the industry’s most respected builders and innovators.

Notable Projects by Turner Construction

Turner Construction has been involved in some of the most ambitious and iconic building projects around the world, from skyscrapers and stadiums to museums and transportation hubs. Here are just a few of the projects that have helped establish Turner as a leader in the industry:

1. Burj Khalifa

“The world’s tallest building”

Location: Dubai, United Arab Emirates
Year Completed: 2010
Height: 828 meters (2,716 feet)
Description: Turner Construction served as the project manager for the construction of this record-breaking skyscraper, which also includes hotels, residences, and offices. The Burj Khalifa has become a symbol of Dubai and a major tourist attraction.

2. Mercedes-Benz Stadium

“The world’s most sustainable sports stadium”

Location: Atlanta, Georgia, USA
Year Completed: 2017
Features: The stadium features a retractable roof, a unique oval design, and innovative green building features such as a rainwater harvesting system and energy-efficient LED lighting. It is home to the NFL’s Atlanta Falcons and Major League Soccer’s Atlanta United FC.

3. One World Trade Center

“A symbol of resilience and strength”

Location: New York City, New York, USA
Year Completed: 2014
Height: 541 meters (1,776 feet)
Description: Turner Construction served as the construction manager for the rebuilding of the World Trade Center site after the attacks of September 11, 2001, which included the construction of One World Trade Center. The tower is now the tallest building in the Western Hemisphere and a symbol of resilience and strength.

These are just a few examples of the many ambitious and impactful projects that Turner Construction has been a part of. With a commitment to quality, innovation, and sustainability, Turner continues to shape the future of the construction industry.

Turner Construction’s Business Model

As one of the leading builders in the industry, Turner Construction’s business model plays a critical role in their success. Their approach focuses on delivering high-quality projects while maintaining a commitment to customer satisfaction.

Turner Construction generates revenue through a variety of sources, including traditional construction contracts, design-build contracts, and public-private partnerships. They also offer a range of services, including preconstruction, construction management, and general contracting, allowing them to meet the diverse needs of their clients.

One of Turner Construction’s key strengths is their project management expertise. They employ a rigorous, systematic approach to project management, utilizing advanced software and technology to ensure that every project is delivered on time, on budget, and to the highest standards of quality.

Turner Construction’s business model also places a strong emphasis on safety and risk management. They have implemented a comprehensive safety program that incorporates the latest industry standards and best practices, and they work closely with all stakeholders, including clients, subcontractors, and regulatory agencies, to mitigate risk and ensure compliance.

Overall, Turner Construction’s business model is designed to deliver exceptional value to their clients while maintaining a focus on operational excellence, safety, and sustainability.

Turner Construction and Sustainability

As a leading builder in the industry, Turner Construction is committed to sustainability and environmental responsibility. They understand the importance of reducing their environmental impact and have taken significant steps to achieve this goal.

Green Building Practices

One way Turner Construction incorporates sustainability into their projects is by utilizing green building practices. This includes designing and constructing buildings that are energy-efficient, using materials that are locally sourced and sustainable, and minimizing waste during the construction process.

Turner Construction has also become a leader in LEED certification, which is a rating system that measures the sustainability of buildings. They have completed over 500 LEED certified projects, which is the most of any construction company in the world.

Sustainable Initiatives

Turner Construction has undertaken several sustainable initiatives to reduce their environmental impact. For example, they have implemented a recycling program on all of their job sites, which has significantly reduced the amount of waste sent to landfills. They also use sustainable transportation methods, such as electric and hybrid vehicles, to reduce emissions.

Commitment to Sustainability

Turner Construction is dedicated to promoting sustainability in the industry. Their commitment to sustainability is reflected in their mission statement, which states that they “build green, enhance the natural environment and improve communities.”

“Our commitment to sustainability is not just about reducing our environmental impact. It’s also about creating buildings that are healthier and more comfortable for the people who use them, and contributing to the communities in which we work.”

Through their sustainable practices and initiatives, Turner Construction is setting an example for the industry and leading the way towards a more sustainable future.

Turner Construction’s Impact on the Industry

Turner Construction has been a major player in the construction industry for over a century, and its impact on the industry has been significant. From innovative technology to groundbreaking projects, Turner Construction has made a name for itself as a leader in the field.

Technological Innovations

Turner Construction has been at the forefront of technological innovation in the construction industry. One notable example is their use of Building Information Modeling (BIM) technology, which allows for more efficient and accurate planning and execution of projects. In addition, they have also embraced other technologies such as drones and virtual reality to enhance safety and improve project outcomes.

Green Building Practices

Turner Construction has also been a leader in promoting sustainability and environmental responsibility in the construction industry. They have undertaken a number of green building initiatives, including LEED certified buildings and sustainable material use. Their commitment to the environment has earned them recognition and awards from various organizations.

Significant Projects

Turner Construction has played a role in some of the most significant construction projects in recent history. These include the renovation of the United Nations headquarters in New York City, the construction of One World Trade Center, and the building of the Mercedes-Benz Stadium in Atlanta. These projects not only showcase the company’s capabilities but also contribute to the growth and transformation of their respective communities.

Industry Contributions

Turner Construction has also been a contributor to the construction industry as a whole. They have been involved in various professional organizations and initiatives aimed at improving safety, diversity, and innovation in the field. In addition, they have also contributed to the education and training of future construction professionals through partnerships with universities and trade schools.

Overall, Turner Construction’s impact on the construction industry has been extensive and far-reaching. Their commitment to innovation, sustainability, and community building has set a standard for excellence that is recognized throughout the industry.

FAQ: Frequently Asked Questions about Turner Construction

Turner Construction is a leading builder in the construction industry, and as such, there may be questions and concerns that arise. Here are some common questions and answers about Turner Construction:

What is Turner Construction’s approach to safety?

At Turner Construction, safety is our top priority. We have a comprehensive safety program that includes extensive training for our staff and subcontractors, along with regular site inspections and safety audits. We also encourage a culture of safety among all our employees and subcontractors.

Does Turner Construction have a diverse workforce?

Yes, diversity and inclusion are important values for us at Turner Construction. We believe that a diverse workforce brings different perspectives and ideas to the table, which can lead to better outcomes for our clients. We actively seek to recruit, retain, and promote diverse talent.

What is Turner Construction’s commitment to corporate social responsibility?

As a responsible corporate citizen, Turner Construction is committed to giving back to the communities where we work. We support a range of charitable organizations and initiatives, including those focused on education, the environment, and social justice. In addition, we strive to minimize our environmental footprint through sustainable practices and green building initiatives.

How does Turner Construction ensure quality in its projects?

Quality is a cornerstone of our business at Turner Construction. We have a rigorous quality control program that includes regular inspections and testing, as well as a focus on continuous improvement. We also have a team of experienced project managers and engineers who oversee every aspect of our projects to ensure they meet our high standards.

What are some of Turner Construction’s recent projects?

Turner Construction has worked on many notable projects in recent years, including the Chase Center in San Francisco, the Mercedes-Benz Stadium in Atlanta, and the Proton Therapy Center at the University of Alabama at Birmingham. For a full list of our recent projects, visit our website.

What sets Turner Construction apart from other builders?

At Turner Construction, we pride ourselves on our deep expertise in the construction industry, our commitment to safety and quality, and our focus on innovation and sustainability. We also have a strong reputation for delivering projects on time and within budget, and for providing excellent customer service. We believe that our combination of experience, expertise, and values sets us apart from other builders.

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