Four unique service companies – Balfour Beatty Communities, LLC, Balfour Beatty Capital, Inc., Balfour Beatty Energy Solutions, LLC, and Balfour Beatty Campus Solutions, LLC – will focus on North American Public-Private Partnership market
As Balfour Beatty's presence in the U.S. Public-Private Partnership (PPP) market continues to grow and diversify, the company announced today that it is repositioning Balfour Beatty Capital Group, Inc. (BBCG) as the overall parent company of four unique service companies serving the U.S. PPP market. These companies are: Balfour Beatty Communities, LLC; Balfour Beatty Capital, Inc.; Balfour Beatty Energy Solutions, LLC; and Balfour Beatty Campus Solutions, LLC.
Balfour Beatty's historical focus on the U.S. military housing PPP industry has established Balfour Beatty Communities as a leader in the development, construction, renovation, operation and management of privatized military housing projects for the U.S. Departments of the Army, Navy and Air Force. The company has grown in recent years to include new capabilities and additional operating subsidiaries. Additionally, BBCG has expanded to other PPP projects outside of its original military focus.
"This new branding, with Balfour Beatty Capital Group serving as the overall name we present to the marketplace, better reflects our company and the industries we serve," said Bruce Robinson, President and Chief Executive Officer of BBCG. "As we pursue PPP opportunities throughout the U.S., together with our affiliate Balfour Beatty Capital-Canada within the Canadian markets, we believe that presenting the full range of capabilities under the Balfour Beatty Capital Group name in North America is a better representation of our company. This repositioning also ensures that each unique area of our business is properly included in our overall strategy and larger initiatives."
Under BBCG, each division will retain its current name and overall business structure. BBCG, Balfour Beatty Communities, Balfour Beatty Capital, and Balfour Beatty Campus Solutions will continue to be headquartered at the company's offices in Newtown Square, PA, while Balfour Beatty Energy Solutions will continue to be headquartered in Nashville, TN.
"Moving ahead, we look forward to capitalizing on the synergies between each of our divisions as well as other U.S. Balfour Beatty operating companies, expanding our services into new markets, and making Balfour Beatty Capital Group the leader in the North American PPP market," concluded Robinson.
About Balfour Beatty Capital Group, Inc.
(www.bbcgrp.com)
Balfour
Beatty Capital Group, Inc. specializes in partnering with government
entities and high performing public sector firms to implement their
strategic plans through a Public-Private Partnership (PPP/P3) model.
Through the Company's four divisions, Balfour
Beatty Communities, LLC, Balfour
Beatty Capital, Inc., Balfour
Beatty Energy Solutions, LLC, and Balfour
Beatty Campus Solutions, LLC, it is one of the leading providers of
PPP projects in the United States with over 1,000 employees nationwide.
Balfour Beatty Capital Group is a part of Balfour Beatty plc, the largest UK-based international infrastructure group operating in professional services, construction services, support services and infrastructure investments, with a proud and successful history extending back 100 years.
About Balfour Beatty Communities, LLC
(www.balfourbeattycommunities.com)
Balfour
Beatty Communities, LLC, a subsidiary of Balfour Beatty Capital Group,
Inc., is responsible for the development, renovation, operation and
management of military privatization housing projects for the U.S.
Departments of the Army, Navy and Air Force. The company is a leader in
the military housing Public-Private Partnership (PPP or P3) industry,
and provides services to members of the U.S. military and their families
residing on or near 44 bases located in 20 states and Washington, DC.
About Balfour Beatty Capital, Inc.
(www.bbcapus.com)
Balfour
Beatty Capital, Inc., a subsidiary of Balfour Beatty Capital Group,
Inc., focuses on a wide range of Public-Private Partnership (PPP/P3)
opportunities in the U.S. and Canada, including higher education, social
infrastructure and renewable energy. In each case, Balfour Beatty
Capital seeks to leverage its investment capabilities with the
professional services of its U.S. affiliated companies, including
Balfour Beatty Communities, LLC, Balfour Beatty Energy Solutions, LLC,
Balfour Beatty Campus Solutions, LLC, Heery International, Inc., Balfour
Beatty Rail, Inc., Balfour Beatty Infrastructure, Inc., Balfour Beatty
Construction Company, Inc. and Parsons Brinckerhoff Inc.
About Balfour Beatty Energy Solutions, LLC
(www.balfourbeattyenergy.com)
Balfour
Beatty Energy Solutions, LLC, a subsidiary of Balfour Beatty Capital
Group, Inc., provides Energy Services Programs that identify and execute
cost-saving renewable energy and energy efficiency projects. Working
with Public-Private Partnerships (PPP/P3), communities and the
commercial sector, the company offers solutions in four main categories
of business: renewable energy, energy efficiency, utilities management,
and sustainability initiatives.
About Balfour Beatty Campus Solutions, LLC
(www.bbcampussolutions.com)
Balfour
Beatty Campus Solutions, LLC, a subsidiary of Balfour Beatty Capital
Group, Inc., provides development, asset/property management and other
real estate services to colleges, universities or their affiliated
entities with a special focus on projects utilizing a Public-Private
Partnership (PPP/P3) model. The company offers an alternative solution
for higher education institutions which are looking to bridge the gap
between necessary capital plans (academic facilities for faculty,
classrooms and labs, athletic spaces as well as wellness centers and
improved student housing) and the resources needed to execute these
plans.
NOTE TO THE EDITOR ABOUT PUBLIC PRIVATE PARTNERSHIPS:
According
to the National
Council of Public-Private Partnerships, a Public-Private Partnership
(PPP) is a contractual arrangement between a public agency (federal,
state or local) and a private sector entity. Through this agreement, the
skills and assets of each sector (public and private) are shared in
delivering a service or facility for the use of the general public. In
addition to the sharing of resources, each party shares in the risks and
rewards potential in the delivery of the service and/or facility.
PPPs are an innovative method for creating, building and maintaining up-to-date, high quality public infrastructure. PPPs give the public an opportunity to leverage its limited resources to obtain high quality essential assets.
Public-Private Partnerships have a long history in the U.S. and throughout the world in various forms and in a variety of public sector areas such as military housing, education, transportation, healthcare and infrastructure. For more information, visit www.bbcgrp.com.
Contacts:
At Balfour Beatty Capital Group, Inc.
Kathleen
M. Grim, 610-355-8206
kgrim@bbcgrp.com
or
Gregory
FCA
(General Media Contact)
Lauren Rumsey,
610-228-2132
LaurenR@GregoryFCA.com
