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
Location
Texas, United States
Transaction Type
Buyout

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