OHL USA Acquires Equity Interest in Judlau
On November 30, 2010, OHL USA, a member of the OHL Group, acquired an equity interest in Judlau Contracting. Among the world’s largest construction firms, OHL will provide the additional resources and technical expertise to take Judlau to the next level as one of America’s premier builders in the heavy construction and infrastructure marketplace.
The strategic partnership expands OHL’s construction activity in the United States, and in turn, helps Judlau grow and provide even greater value and service to our clients. According to Thomas Iovino, Judlau’s founder and CEO, “Judlau will pursue larger, more complex projects, while continuing to undertake the basic transportation-oriented infrastructure projects that have been the core of our business for nearly three decades.” Mr. Iovino will continue as CEO, maintaining his day-to-day executive responsibilities.
The OHL Group operates in 26 countries around the world, and recorded revenues of $6.1 billion in 2009.
