Company says deal will strengthen its business in the environmental remediation market.
Great Lakes Dredge & Dock Corp., (GLDD) a dredging services firm headquartered in Oak Brook, Ill., has acquired the assets of Terra Contracting LLC, a provider of services for environmental, maintenance and infrastructure-related applications.
Terra Contracting, headquartered in Kalamazoo, Mich., serves customers in more than 30 states. The company’s services include the removal and remediation of contaminated sediment, soil and groundwater, superfund site clean-ups, hazardous waste removal and brownfield site restoration, facility and equipment decontamination and decommissioning, tank cleaning, hazardous materials abatement, emergency response services, and municipal utility, sewer and wastewater infrastructure maintenance, inspection and refurbishment.
Jon Berger, GLDD CEO, says, “The Terra acquisition fits our strategic vision to gain a stronger foothold in the environmental remediation market. Terra will broaden our demolition segment with additional services and expertise as well as expand our footprint in the Midwest. Terra reinforces our efforts to develop relationships with larger industrial and governmental clients. Additionally, our rivers and lakes operations can leverage Terra's environmental remediation focus to accelerate its participation in the environmental dredging market.”
In addition to providing dredging services in the United States, the GLDD has a significant presence in the international market. The company also provides commercial and industrial demolition services, primarily in the Northeast. The company owns a 50 percent interest in a marine sand mining operation in New Jersey that supplies sand and aggregate for road and building construction and a 50 percent interest in an environmental service operation with the ability to remediate soil and dredged sediment treatment.
Great Lakes also owns and operates the largest and most diverse fleet in the U.S. industry, comprised of more than 200 specialized vessels.