Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, is set to be acquired by Saltchuk Resources, Inc., a diversified family of transportation and energy companies. Under the agreement, Saltchuk will acquire all outstanding shares of Great Lakes for $17.00 per share in cash, valuing the company at approximately $1.2 billion in equity and $1.5 billion in total. The transaction has received unanimous approval from the boards of both companies and is expected to close in the second quarter of 2026. Upon completion, Great Lakes will operate as a standalone business within Saltchuk, and its common stock will be delisted from Nasdaq. The deal is supported by fully committed financing from several major banks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Great Lakes Dredge & Dock Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9652822-en) on February 11, 2026, and is solely responsible for the information contained therein.