AUSTIN-The merger of two Austin-based companies creates a versatile construction and development company with deep roots in Central Texas and eyes on projects around the country.

Faulkner Construction Co. and Landmark Organization Tuesday announced their merger under the new name FaulknerUSA. Financial terms were not disclosed, but the combined entity’s revenues for 2002 will be $300 million. FaulknerUSA said in its announcement that it has a number of projects in the proposal phase that it will land in the next year. Company executives were not available to talk about the deal.

Founded 40 years ago, Faulkner’s name is a familiar site at construction sites in Central Texas. Its work has included construction of schools, office and industrial buildings, churches and movie theaters. Recently completed projects include Seton Southwest Hospital, the three-building Las Cimas office complex, Applied Materials Inc. manufacturing facilities and the Nokonah condominiums.

Landmark’s work has included public-private ventures such as the 800-room Hilton Austin Hotel. It’s also working on Austin’s Fifth Street Tower, a high-rise residential building, the Hilton Omaha in Omaha, NE, the Coralville (IA) Marriott Conference Hotel, an arena and meeting center in Youngstown, OH and more than 500 units of privatized housing in South Texas for the Department of the Navy.

The principals are Faulkner Construction founder Royce Faulkner, chairman emeritus; Landmark co-founder Mark Schultz, CEO; and Curtis Cline, president. Cline joined Landmark as president this summer after 20 years at Faulkner.

Cline said in the company’s announcement that the strengths of Faulkner and Landmark are complementary, which should make the new company a “formidable competitor in the industry.” The merger will not affect the jobs of current employees of either company and that contractors and other business partners will notice little, if any, change.

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