Saltchuk Acquires Great Lakes Dredge & Dock for $1.5 Billion

Saltchuk Resources has acquired Great Lakes Dredge & Dock Corporation for a purchase price of $17.00 per share and an enterprise value of approximately $1.5 billion. Great Lakes joins Saltchuk's family of companies as a stand-alone business unit and will continue to operate independently. The acquisition diversifies Saltchuk's portfolio, adding dredging services to its existing freight transportation, marine services, and energy distribution companies.