Category: Lasse Petterson
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Saltchuk to acquire GLDD in $1.5 billion all-cash transaction
Saltchuk to acquire GLDD in $1.5 billion all-cash transaction Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) says that it and privately-owned,Saltchuk Resources, Inc. have reached a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion. Under the terms…
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GLDD books dredging work orders worth $134 million
GLDD books dredging work orders worth $134 million America’s largest provider of dredging services, Houston-headquartered Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) reports that it has received seven work awards totaling over $130 million. In all cases the client is the America’s largest user of dedging services, the U.S. Army Corps of Engineers. The…
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GLDD unveils first U.S.-flagged Jones Act subsea rock installer
GLDD unveils first U.S.-flagged Jones Act subsea rock installer Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the United States, announced on July 23 a major milestone in its offshore energy strategy with the recent launch of the Acadia at Hanwha Philly Shipyard. The Acadia is the first U.S flagged, Jones Act-compliant subsea rock…
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GLDD posts strong first quarter results
GLDD posts strong first quarter results Houston-headquartered Great Lakes Dredge & Dock Company [Nasdaq: GLDD] today reported financial results for the first quarter ended March 31, 2025. “Great Lakes had a great first quarter, with strong project performance and high utilization as all of our active dredges were operational,” said GLDD president and CEO Lasse…
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GLDD ended 2024 with $1.2 billion dredging backlog
GLDD ended 2024 with $1.2 billion dredging backlog “Great Lakes had an outstanding 2024, with strong project performance and exceptional financial results,” said Lasse Petterson, president and CEO of Houston-headquartered Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), as the company reported financial results for the fourth quarter and year ended December 31, 2024. Fourth…