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LF Driscoll, built Philly's tallest towers, sold to NY firm

Contractor LF Driscoll Co., which built Comcast Center, One Liberty Place, and other Philadelphia landmarks, has been sold to New York-based national contractor Structure Tone

    by Joseph N. DiStefano
    Published 

Contractor LF Driscoll Co., which built Comcast Center, One Liberty Place, the Kimmel Center, and other Philadelphia landmarks, has been sold to New York-based contractor Structure Tone, both companies confirm.

Structure Tone already has a Philadelphia office, which counts Citigroup's local offices among its projects. The New York company has over 1,000 employees. It plans to keep Driscoll's staff of 160, and its management, led by Jack Donnelly, Structure Tone CEO Bob Mullen told me.

Donnelly told me the deal will help Driscoll win jobs beyond the Philadelphia area, where current clients include the Hospital of the University of Pennsylvania, Childrens Hospital of Philadelphia, and the new Barnes museum on the Parkway, among others. He also said the deal wasn't forced by the poor economy.

Driscoll's sale follows the January sale of Philadelphia's Keating Corp. to Perini Corp. of Massachusetts.