New Jersey-based dredging and marine services specialist Weeks Marine has been acquired by Kiewit Corporation, a privately held construction company based in Omaha, Nebraska.
The acquisition includes Weeks Marine subsidiaries Healy Tibbitts Builders, Inc., McNally International, Inc. and North American Aggregates. The value of the transaction was not disclosed.
Weeks Marine operates mainly along the U.S. East and Gulf coasts, as well as in Central America, the Central Pacific, and Canada through its subsidiaries. The company specializes in marine construction, dredging and services including marine salvage, heavy lift, and towing. It operates a fleet of 50 cranes, 22 dredges, 12 tugs, and 295 barges across 5 yards.
“This acquisition offers substantial opportunities for both companies,” said Kiewit CEO Rick Lanoha. “For Weeks employees, they join one of the largest, most successful construction and engineering organizations in the world. For Kiewit, we gain an exceptionally skilled workforce and the ability to add Weeks’ leading maritime engineering and construction capabilities, dynamic dredging expertise and renowned tunneling services to our portfolio of service.”
Weeks Marine says it has worked with Kiewit organizations on several joint ventures since the 1960s.
“We’ve worked closely with Kiewit on many strategic infrastructure projects across North America, including the Goethals Bridge, Willis Avenue Swing Bridge, the Euclid Storage Tunnel, the Toronto-York Spadina Subway Extension Tunnel, among others,” said Eric Ellefsen, President and CEO of Weeks Marine. “Through these partnerships, it was apparent that the companies share similar cultures and values.”
“Our shared cultures and values, which focus on the success and growth of our people, a relentless commitment to safety and quality, and demanding excellence in everything we do, will make this acquisition a success,” Lanoha added.
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