Turner Construction

Turner Construction is an American construction company. It is one of the largest construction management companies in the United States of America, with a construction volume of $10 billion in 2014. It is a subsidiary of the German company Hochtief.

Turner Construction Company
Subsidiary
IndustryConstruction Management,
Consulting
Founded1902
FounderHenry C. Turner
Headquarters
375 Hudson Street, New York City, NY 10014
,
United States
Area served
International
Key people
Peter J. Davoren (President & CEO)
Karen Gould (CFO)
ProductsGreen buildings
Healthcare
Industrial
Pharmaceuticals
Aviation
Data centers
Commercial
Sports
Education
Interiors
ServicesPreconstruction Consulting
Logistics
Revenue$10 billion (2014)
Number of employees
5,200 (2014)
ParentHOCHTIEF
SubsidiariesTurner International
Turner Universal
Turner Logistics
Service Building Products
Tompkins Builders
Websitewww.turnerconstruction.com

HistoryEdit

Early yearsEdit

In 1902, Henry Chandlee Turner (b. 1871) founded Turner Construction Company with $25,000 in start-up capital, at 11 Broadway, in New York City.[1] Turner's first job was a $690 project to build a concrete vault for Thrift Bank in the borough of Brooklyn.[2] In 1904, a Scottish industrialist named Robert Gair hired Turner Construction to build several concrete buildings in Brooklyn, including a plant that was recognized as the largest reinforced concrete building in the United States at the time.[3][4] Around the same time the company was developing plans for the Gair building, Turner began building concrete staircases for the New York City Subway. The original design showed the stairs were to be made of steel, but Turner persuaded Gair to use concrete as an alternative.[5] His proposal was applauded and led to contracts for staircases and platforms for the Interborough Rapid Transit Company's first subway line.[6][7] The company established branch offices in Philadelphia in 1907,[8] followed by Buffalo in 1908,[9] and Boston in 1916.[7] Within the first 15 years, Turner Construction Company constructed buildings for some of the country's largest businesses, including Western Electric[10], Standard Oil[11], Kodak, and Colgate.[citation needed]

From World War I to the Great Depression, the company's billings grew to nearly $44 million. Like most industries, construction suffered during the economic collapse and Turner's volume fell to $2.5 million by 1933.[12] The company recovered and revenues increased to $12 million by 1937.[12] The company suspended commercial construction during the war years, focusing instead on the construction of military camps, factories, and government buildings.[13] In 1941, Henry Turner stepped down as president to serve as chairman and make room for his brother, Archie Turner, as president.[14] Archie Turner led the company through the war, but poor health limited his tenure.[citation needed]

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.[15][16] One month after Moreell's appointment, Archie Turner died of a heart attack.[17] Four months later, Moreell resigned, and the void was filled by Henry Turner's son, Henry Chandlee (Chan) Turner Jr.[citation needed]

1950s–80sEdit

After surpassing $100 million in revenues in 1951, Chan Turner built the United Nations Secretariat building in New York in 1952[citation needed] and the New York headquarters of Chase Manhattan Bank in 1956.[18] During the 1960s, notable projects included the Lincoln Center for the Performing Arts [19] and Madison Square Garden in 1967.[20] From the early 1950s-late 1960s, the company opened offices in Cincinnati,[21] Los Angeles,[22] Cleveland,[12] Columbus,[citation needed] and San Francisco.[22] In 1969, Turner issued over-the-counter stock.[12]

In 1972, the company's stock began trading on the American Stock Exchange.[citation needed] Throughout the 1970s, the company added offices in Detroit,[citation needed] Denver,[citation needed] Pittsburgh,[citation needed] Atlanta,[23] Seattle,[22] Miami,[citation needed], and Portland.[22][24] Notable projects included the Vanderbilt University Medical Center Hospital in 1974[25] and the John Fitzgerald Kennedy Library in 1977.[26]

Howard Sinclair Turner became president in 1965, and was chairman from 1970 to 1977,[27] when he was succeeded by Walter B. Shaw.[28] Shaw joined the company shortly before the war, served under Admiral Moreell as a Seabee officer in the Pacific, and returned to Turner Construction after the war.[citation needed]

In 1981 Turner Construction acquired Universal Construction, a company founded by Franklin P. Gresham in Huntsville, Alabama.[citation needed]

In 1984, Shaw appointed Herbert Conant as president[29] and The Turner Corporation was formed as a holding company with Turner Construction Company, Turner International Industries and Turner Development Corporation as subsidiaries.[citation needed] In this new guise, the company expanded to Connecticut,[citation needed] Orlando,[citation needed] Phoenix,[citation needed] Nashville,[25] Dallas,[citation needed] San Jose,[22] and Kansas City.[citation needed] During this time, the company completed the Texas Commerce Tower, United Airlines Terminal 1 at O'Hare International Airport in Chicago, and Los Angeles' First Interstate World Center.[citation needed]

1990–presentEdit

Turner Construction Company erected several professional sports stadiums during the 1990s. Sports construction was not new to the company: Turner's first sports contract was construction of the promenade at Harvard Stadium in 1910, followed by Pitt Stadium for the University of Pittsburgh in 1925.[30] In 1995, the company completed construction of the Rose Garden in Portland, Oregon. In 1996, they built Charlotte, North Carolina's Bank of America Stadium, followed by completion of Sports Authority Field at Mile High in 2001.[30]

In August 1999, Hochtief AG of Germany purchased The Turner Corporation for $370 million.[31] 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.[32]

OperationsEdit

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 2014 Top 400 Contractors Sourcebook, Turner is the largest "Green contractor" in the United States[33] and the fourth largest contractor overall in the United States.[34][35] Turner's green building projects are in wide array of building types including in the education, commercial, healthcare, and aviation segments. Its own publication Turner City lists projects Turner completed in a given year.[36] It has been published by the company annually since 1910.[30]

 
Exterior of Invesco Field at Mile High on November 2004

ReferencesEdit

  1. ^ Company, Turner Construction (1942). To Commemorate the 40th Anniversary of the Founding of the Turner Construction Company, May 6, 1902. Turner Construction Company.
  2. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 39. ISBN 978-0-944641-56-9.
  3. ^ Gray, Christopher (2004-03-14). "Streetscapes/Robert Gair, Dumbo and Brooklyn; Neighborhood's Past Incised in Its Facades". The New York Times. ISSN 0362-4331. Retrieved 2020-02-28.
  4. ^ Architecture. C. Scribner's Sons. 1916. p. 94.
  5. ^ Wallace, Mike (2017-09-04). Greater Gotham: A History of New York City from 1898 to 1919. Oxford University Press. ISBN 978-0-19-972305-8.
  6. ^ Company, Interborough Rapid Transit (1904). New York Subway: Its Construction and Equipment. Interborough Rapid Transit Company.
  7. ^ a b "Hundredth Anniversary History of Turner Construction". www.clevelandmemory.org. Retrieved 2020-02-29.
  8. ^ "Contractors with the highest 2017 billings for projects in the Philadelphia region". www.bizjournals.com. Retrieved 2020-02-28.
  9. ^ "Company of the Year: Turner Construction". www.bizjournals.com. Retrieved 2020-02-28.
  10. ^ Architecture and Building. W.T. Comstock Company. 1920.
  11. ^ Company, Turner Construction (1919). A Record of War Activities. Turner construction Company.
  12. ^ a b c d Jr, Morgan Lewis. "Turner on a dime". Smart Business Magazine. Retrieved 2020-03-02.
  13. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 82. ISBN 978-0-944641-56-9.
  14. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 178. ISBN 978-0-944641-56-9.
  15. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. pp. 185–186. ISBN 978-0-944641-56-9.
  16. ^ "Adm. Ben Moreel Dies". Washington Post. ISSN 0190-8286. Retrieved 2020-03-03.
  17. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 186. ISBN 978-0-944641-56-9.
  18. ^ "ONE CHASE MANHATTAN PLAZA" (PDF).
  19. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. pp. 258–259. ISBN 978-0-944641-56-9.
  20. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 240. ISBN 978-0-944641-56-9.
  21. ^ "Best Places to Work finalist 2015: Turner Construction Co". www.bizjournals.com. Retrieved 2020-03-05.
  22. ^ a b c d e "PCAD - Turner Construction Company". pcad.lib.washington.edu. Retrieved 2020-03-05.
  23. ^ Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 293. ISBN 978-0-944641-56-9.
  24. ^ "How Oregon Works: Turner Construction's Dan Kavanaugh on the most in-demand talent". www.bizjournals.com. Retrieved 2020-03-05.
  25. ^ a b Wolf, Donald E. (2002-01-01). Turner's First Century: A History of Turner Construction Company. Greenwich Publishing Group, Incorporated. p. 348. ISBN 978-0-944641-56-9.
  26. ^ "Former President and Chief Executive Officer of Turner Construction Dies at 100". www.naylornetwork.com. Retrieved 2020-03-05.
  27. ^ WRITER, By Walter F. Naedele, INQUIRER STAFF. "Howard S. Turner, 100; ran family construction firm". https://www.inquirer.com. Retrieved 2020-03-05. External link in |website= (help)
  28. ^ "Realty News". The New York Times. 1978-07-02. ISSN 0362-4331. Retrieved 2020-03-05.
  29. ^ "Executive Changes". The New York Times. 1984-03-06. ISSN 0362-4331. Retrieved 2020-03-05.
  30. ^ a b c Turner News: Centennial edition Archived 2007-09-26 at the Wayback Machine Turner Construction, 2002
  31. ^ Hochtief agrees to buy Turner for Euros350.1m Business International, 1999
  32. ^ CapNet leaves nest Washington Business Journal, 8 August 2003
  33. ^ "The Top 100 Green Building Contractors". ENR. ENR.
  34. ^ "The Top 400 Contractors" (PDF). ENR. ENR.
  35. ^ Turner's portfolio of green projects reaches all time high Turner Construction, 20 February 2009
  36. ^ "Turner City". www.turnerconstruction.com. Retrieved 2018-04-02.

External linksEdit