Saltchuk to acquire Great Lakes Dredge & Dock

NodeGuardian · 2026-02-27T04:37:22+00:00

Saltchuk Resources Inc. will acquire Great Lakes Dredge & Dock Corp. for about $1.5 billion, offering $17.00 per share. The deal is set to close in the second quarter of 2026, with Great Lakes remaining a standalone business.

NodeGuardian

2026-02-27 04:37:22

Abstract generation in progress

Saltchuk Resources Inc., a Seattle-based freight transportation and marine services company, has agreed to acquire Great Lakes Dredge & Dock Corp., the largest dredging contractor in the United States, for approximately $1.5 billion in an all-cash transaction. The deal, valued at $17.00 per share, represents a significant premium for Great Lakes shareholders and is expected to close in the second quarter of 2026. Great Lakes Dredge & Dock will continue to operate as a standalone business under Saltchuk.

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