Saltchuk Agrees to Buy Great Lakes Dredge & Dock in $1.5B Deal

Great Lakes Dredge reports it owns and operates the largest fleet in the U.S. dredging industry (GLDD)

As part of our Career Connect Washington Maritime Sector ongoing work, we actively track, document, and inform about emerging technologies and trends. Saltchuk Resources, which continues to build a diversified holding in marine services, freight transport, and energy distribution, has agreed to buy Great Lakes Dredge and Dock Corporation, the largest provider of dredging services in the United States. The deal, which has a total value of $1.5 billion, is an all-cash offer for the public company, which will become a standalone business within the private, family-owned Saltchuk group.

A 136-year-old business, Great Lakes Dredge & Dock reports it has a fleet of approximately 200 specialized vessels, which it calls the largest and most diverse fleet in the U.S. dredging industry.

Go to this link to read the full article published by The Maritime Executive https://maritime-executive.com/article/saltchuk-agrees-to-buy-great-lakes-dredge-dock-in-1-5b-deal