New York, NY (December 6, 2010) – Obrascon Huarte Lain SA ("OHL") of Madrid, Spain has acquired a 50.1% interest in Judlau Contracting Inc. ("Judlau") of New York, NY for $72.5 million in cash, plus a future payment dependent on operating results through 2012. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Judlau.

Judlau Contracting Inc. (www.judlau.com) provides heavy construction services in the New York City metropolitan area, specializing in capital improvement and public works projects, including the construction of tunnels, roads, bridges and subway infrastructure. The Company was recently ranked second largest among Transportation Contractors and fourth largest among General Contractors in the tri-state area, according to New York Construction magazine. For FY 2010, the Company projects revenues of approximately $300 million and a backlog of over $500 million. Judlau was founded in 1983 by Thomas Iovino.

Obrascon Huarte Lain SA (BMAD:OHL) (www.ohl.es), a publicly-traded Spanish firm, is a leading multi-national construction and civil engineering company, serving both the public and private sectors. OHL’s International Construction Division provides construction services in over 25 countries worldwide, including the United States. OHL was founded in 1911 and is projected to have revenues exceeding $6.2 billion for FY 2010.

Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 - $500 million.