Balfour Beatty

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Balfour Beatty plc () is an international infrastructure group based in the United Kingdom with capabilities in construction services, support services and infrastructure investments. A constituent of the FTSE 250 Index, the company is active across the UK, US and Hong Kong. In terms of turnover, Balfour Beatty was ranked in 2021 as the biggest construction contractor in the United Kingdom. It was formed on 12 January 1909 by the engineer George Balfour and the accountant Andrew Beatty. Initially working on tramways, the company soon expanded into power and general contracting; the First World War saw it construct several army bases and various other works to support the British war effort. During the 1920s and 1930s, Balfour Beatty reoriented away from bus and tramway operations towards more lucrative heavy civil engineering, particularly the development of Britain's National Grid and various power stations. Early international projects include hydro electric power schemes in the Dolomites, Malaya and India, power stations in Argentina and Uruguay, and the Kut Barrage on the Tigris in Iraq. During the Second World War, the company's construction efforts were dominated by the war effort, including blocking the approaches to Scapa Flow and the building of six Mulberry harbour units. For a time, Balfour Beatty's activities were dominated by two domestic sectors: power stations and the railways. It also opted to develop its presence as contractor within various power and civil engineering projects. Throughout the 1970s, Balfour Beatty expanded its presence in the road construction sector through schemes such as the M73 motorway and the Glasgow Inner Ring Road. Between 1986 and 1995, Balfour Beatty operated Balfour Beatty Homes; after a collapse of the housing market, Balfour Beatty Homes was renamed Clarke Homes and then sold to Westbury. During the 2000s, the company's business strategy diversified from the construction...