FlatironDragados Combines Three New York-Area Firms Into Single Entity

A just lately unveiled affiliate of FlatironDragados is combining three present New York-area companies into a brand new entity that can deal with civil building initiatives in New York, New Jersey and Connecticut. 

A subsidiary of the Broomfield, Colo.-based contractor, SPC Construction Co. combines Schiavone Building Co., John P. Picone Inc. and E.E. Cruz & Co. Inc. 

A part of international infrastructure firm ACS Group, FlatironDragados says the three companies comprising SPC Building combine complementary expertise and expertise. Schiavone’s experience consists of tunneling, mass transit and subways, bridges and highways, deep foundations, marine work and water remedy crops. Picone focuses on public works, particularly in tunneling, hydraulic works and water infrastructure. E.E. Cruz works on transportation infrastructure, resiliency safety, deep foundations, bridges and geotechnical initiatives.

“SPC Building attracts its energy from the ability and spirit of our individuals,” Peter Davoren, chairman of FlatironDragados mentioned in a statement saying the deal on June 17. “With a exceptional historical past of efficiency and a deal with the long run, SPC Building is positioned to ship vital infrastructure that strengthens communities and creates lasting success for our individuals and our purchasers.”

ACS Group combined its Dragados unit with Flatiron Building right into a single operation in July 2024 to create what the Madrid-based ACS mentioned would grow to be the second-largest civil engineering agency within the U.S. The 2 companies filed separate surveys to the 2025 ENR High 400 Contractors rating. Dragados ranked No. 37 with $4.14 billion in income whereas Flatiron Building Corp. ranked No. 51 with $2.59 billion in income. 

Earlier than the reshuffling, Schiavone and Picone had been already subunits of Dragados, whereas E.E. Cruz fell underneath Flatiron’s umbrella. 

The brand new subsidiary shall be led by Managing Director Jesus Diez, who beforehand labored as government vice chairman, associates, for Dragados USA. Joe Sheehan, who beforehand labored as E.E. Cruz’s president, is SPC’s chief working officer and Neil Wegman, the previous John P. Picone president and chief monetary officer, is chief monetary officer of SPC.  

Phrases of the deal scheduled to shut by the top of the second quarter weren’t disclosed. The “construction, processes and expertise required for the mixed entity” shall be decided within the “coming months,” in line with a separate assertion released by German-based Hochtief, one other unit of ACS Group. 

“This can be a main step ahead within the unification and transformation of FlatironDragados,” Javier Sevilla, FlatironDragados chief government mentioned within the assertion. “The synergies amongst these three organizations allows a simplified construction that can guarantee a constant strategy to operations, shopper success and danger administration by SPC Building.”