Framingham-based construction management company Perini Corp. recently completed the acquisition of Philadelphia-based Keating Building Corp., a privately held construction company for $43 million.

Under the terms of the transaction, Perini acquired 100 percent of the company’s stock for $43 million in cash, plus an amount to be determined based on the operating results for 2009 – 2011, Perini said in a statement.

Keating Building Corp. is expected to operate as a wholly-owned subsidiary of Perini Corp., and will continue to be managed by its current senior management team.