The Real Deal Miami

Spanish firm takes stake in Arellano

September 16, 2008 10:06AM

The Spanish construction firm OHL struck a deal valued at $35 million for a 70 percent controlling stake in Arellano Construction, a hospital building specialist. The agreement is expected to give OHL local expertise in hospital construction, and will give the firm a chance to do larger projects throughout the southeastern U.S. This is the third Florida acquisition for OHL. Last year, it acquired the Tower Group and Community Asphalt.