Ten Minutes with Lauro Bravar, President of Spain’s OHL USA - ENR | McGraw-Hill Construction

Description:
Has a year of financial turmoil killed off the merger and acquisition market for contractors? Not yet, at least when foreign investors are following carefully set strategies. OHL Group of Spain recently acquired control of its third Florida construction firm, Miami-based building contractor Arellano Construction, and OHL agreed to pay $25 million now and at least another $11.5 million, depending on the company’s performance. In exchange OHL received for 70% of Arellano’s stock. In 2006, it purchased Community Asphalt, a civil contractor based in Hialeah, and in 2007 OHL bought commercial building contractor The Tower Group, which is based Davie. ENR correspondent Debra Wood spoke with OHL USA President Lauro Bravar about the ...

SUBSCRIBER LOGIN User Name: Password: Forgot your password?

Monthly Subscription: Access all articles published on ENR.com for only $9.95/Month. Annual Subscription: Get ENR magazine for one year and access to all articles published on ENR.com, along with ENR daily news alerts and weekly newsletters for only $82/Year.