M&A Deal Summary

Great Lakes Dredge & Dock Acquires Magnus Pacific

On November 4, 2014, Great Lakes Dredge & Dock acquired engineering company Magnus Pacific for 39M USD

Acquisition Highlights
  • This is Great Lakes Dredge & Dock’s 2nd transaction in the Engineering sector.
  • This is Great Lakes Dredge & Dock’s largest (disclosed) transaction.
  • This is Great Lakes Dredge & Dock’s 2nd transaction in the United States.
  • This is Great Lakes Dredge & Dock’s 1st transaction in California.

M&A Deal Summary
Date 2014-11-04
Target Magnus Pacific
Sector Engineering
Buyer(s) Great Lakes Dredge & Dock
Deal Type Add-on Acquisition
Deal Value 39M USD

Target

Magnus Pacific

Rocklin, California, United States
Magnus Pacific Corporation is a provider of geotechnical and environmental solutions in the Western United States. Magnus has a wide range of competencies, including levee rehabilitation and repair, slurry wall construction, mine reclamation, ground stabilization and wetlands improvements. Magnus Pacific Corporation is based in Rocklin, California.

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Buyer(S) 1

Buyer

Great Lakes Dredge & Dock

Houston, Texas, United States
Category Company
Founded 1890
Sector Marine
Employees436
Revenue 590M USD (2023)
DESCRIPTION
Great Lakes Dredge & Dock's corporate headquarters in Oak Brook, Illinois.
Great Lakes Dredge & Dock's corporate headquarters in Oak Brook, Illinois.

Great Lakes Dredge & Dock is a provider of dredging services in the United States. GLDD's principal dredging activities include capital projects (port deepening and land reclamation), beach nourishment and shipping channel maintenance. GLDD is also a provider of demolition services primarily in the northeast United States. Great Lakes Dredge & Dock was founded in 1890 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Terra Contracting

Kalamazoo, Michigan, United States

Terra Contracting, LLC is a provider of a wide variety of essential services for environmental, maintenance and infrastructure-related applications. Terra'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.

Buy $20M
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