Flatiron and Dragados NA Complete Seamless Integration
The successful integration of Flatiron and Dragados North America marks the creation of the second-largest civil engineering and construction company in North America. The new entity, FlatironDragados, combines unparalleled expertise in civil infrastructure, a vast geographical footprint, and significant growth potential in major marketplaces.
Javier Sevilla, CEO of FlatironDragados, officially announced the integration following the July 2024 merger initiated by parent companies DRAGADOS and HOCHTIEF. The new company is jointly owned by DRAGADOS, S.A. (61.8%) and HOCHTIEF (38.2%). FlatironDragados operates under Sevilla’s leadership as CEO, with Peter Davoren, Chairman and CEO of Turner Construction Company, serving as Chairman.
A Powerful Start
FlatironDragados begins 2025 with a robust backlog of $18.5 billion and reported combined revenues of $6.1 billion in 2023. The company now has a presence in 24 U.S. states and eight Canadian provinces, setting the stage for unparalleled capabilities in delivering large-scale infrastructure projects across North America.
Juan Santamaría, CEO of ACS Group and HOCHTIEF, emphasized the strategic significance of this integration:
“With the successful integration of FlatironDragados, we are set to redefine engineering and construction in North America. By unifying the complementary strengths of two industry leaders, we will deliver outstanding outcomes for our clients, people, and communities. Our expanded geographic footprint and strengthened collaboration ensure we are more equipped than ever to execute complex, large-scale projects across the U.S. and Canada.”
A Unified Vision
The integration aims to capitalize on the combined expertise of both companies, fostering a simplified structure that streamlines operations, strategy, and risk management. This unified approach enhances value creation for ACS Group and HOCHTIEF shareholders while positioning FlatironDragados as a leader in the industry.
Peter Davoren, Chairman of FlatironDragados, highlighted the transformative impact of this partnership:
“This integration marks an exciting new chapter for our employees and clients across North America. The combined expertise and resources of FlatironDragados create opportunities for our people to grow and thrive, while enhancing our ability to deliver essential infrastructure projects. Together with our partners and clients, we will drive economic growth and improve communities.”
FlatironDragados also emphasizes its commitment to sustainable growth, collaboration, and innovation. Santiago Garcia Salvador, CEO of DRAGADOS, S.A., shared his optimism for the company’s future:
“With a robust foundation built on collaboration, innovation, and a shared vision for sustainable growth, FlatironDragados is committed to delivering transformative infrastructure projects. Together with our employees, clients, and partners, we will lead the industry in building a brighter, more connected future for North America.”
Driving Innovation and Connectivity
FlatironDragados is strategically positioned to meet industry demands through innovation and efficiency. The company plans to foster long-term relationships with employees, clients, and partners, ensuring a sustainable approach to shaping the infrastructure landscape. By enhancing connectivity and improving the economic and social well-being of communities, FlatironDragados aims to leave a lasting positive impact on North America.
Commitment to Communities
As a leader in civil engineering and construction, FlatironDragados is dedicated to improving lives through transformative projects. From highways and bridges to tunnels and rail systems, the company’s work is vital in driving economic development and creating lasting infrastructure that supports thriving communities.
FlatironDragados’ extensive presence across North America allows it to address diverse infrastructure challenges, leveraging decades of experience to deliver solutions that meet the needs of growing populations and evolving economies. The company’s ability to tackle complex, large-scale projects is a testament to the collective expertise of its team and its commitment to excellence.
Shaping the Future of Infrastructure
With its formation, FlatironDragados brings together two industry leaders with complementary strengths, creating a synergy that positions the company as a force for progress in North America’s infrastructure sector. Its focus on sustainable growth, innovation, and collaboration underscores its mission to build a better-connected future.
The company’s simplified structure will enable it to anticipate industry trends, adapt to changing demands, and maintain a competitive edge. leadership team is committed to delivering projects that not only meet but exceed expectations, setting new standards for excellence in the construction industry.
About FlatironDragados
The result of the successful integration North America, creating the second-largest civil engineering and construction company in the region. With a presence in 24 U.S. states and eight Canadian provinces, specializes in delivering complex, large-scale infrastructure projects. The company is jointly owned by DRAGADOS, S.A. and HOCHTIEF and is committed to innovation, sustainability, and community enrichment through transformative infrastructure solutions.
