Royal BAM Group, the Dutch parent of Flatiron Construction Corp., Longmont, Colo., has sold the contractor to Hochtief AG, Essen, Germany.
Hochtief will acquire all shares of Flatiron for about $243 million. The acquisition expands Hochtief's American holdings into the U.S. infrastructure and public-private transportation construction market. The firm also owns Turner Corp., the Dallas-based building contractor and construction manager.
