Saltchuk Resources to Acquire Great Lakes Dredge & Dock for $1.5B
February 11, 2026
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has agreed to be acquired by Saltchuk Resources in an all-cash deal. The transaction values Great Lakes' equity at about $1.2 billion and the total deal at $1.5 billion, with Saltchuk launching a tender offer to buy all outstanding shares at $17.00 per share.
- Buyers
- Saltchuk Resources
- Targets
- Great Lakes Dredge & Dock Corporation
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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