Birch bark texture.

News

Ahtna Subsidiary Acquires Assets of Leading Dredging and Civil Construction Firm

Aerial view of dredging operation.

FOR IMMEDIATE RELEASE

Anchorage, Alaska – Ahtna Marine & Construction Company, LLC (AMCC), an Ahtna, Inc. company, has finalized acquisition of equipment assets of Cavache, Inc. a Florida-based dredging and civil construction firm. Cavache has been in operation for over 15 years and it’s 20 employees and vessel and marine equipment assets will be transitioned under AMCC.

“Cavache has an excellent reputation with their clients and the acquisition of major equipment assets and transfer of key staff to Ahtna Marine & Construction Co. will bolster our strategic objective to expand our operations throughout the Southeast region of the country.”

Craig O’Rourke, AMCC President

Cavache specializes in hydraulic and mechanical dredging services in lakes, ports, rivers, canals, inlets and other navigable waterways as well as beach renourishment, shoreline protection, wetland construction and environmental clean-up and maintenance. AMCC plans to establish a HUBZone office in Florida and service the U.S. Army Corps of Engineers, the Florida Inland Navigation District, and the Naval Facilities Engineering Command (NAVFAC) Southeast contracting office.

“The acquisition is part of our overall investment strategy which is focused on companies that increase our service offerings, provide shareholder value and diversify our customer base. We will continue to explore acquisition of other great companies that meet our investment criteria.”

Tom Maloney, Ahtna Netiye’s Chief Operating Officer