J.F. Brennan Company has announced the asset acquisition of New England-based Specialty Diving Services, Inc (SDS).
The acquisition combines two established union companies that specialize in commercial diving and heavy marine construction.
Founded in 1986, SDS is headquartered at the Port of Davisville in North Kingstown, Rhode Island within a short range of Boston and New York.
The acquisition enables Brennan to establish another strategic location in the New England area, a reputable client list, and a local workforce of experienced marine professionals, said the company in their latest release.
“We are ecstatic to introduce Specialty Diving Services (SDS) as the latest addition to the Brennan organization,” said Brennan Vice President of Business Development, Mark Binsfeld. “SDS has built a great reputation throughout New England as a top-notch marine construction and commercial dive contractor.”
As the transition continues, the previous SDS Owner, Nick Tanionos, will stay on board with Brennan to ensure a seamless transition.
“As owner of SDS I could not imagine a more perfect fit for my former company than to join forces with J.F. Brennan Company. I am blessed and humbled to be part of a great family-based corporation,” said Tanionos.
“Our work has great purpose. The addition of our friends at SDS increases our commitment to safely executing highly sophisticated environmental remediation and marine infrastructure improvements across this country. We eagerly anticipate the weeks and months ahead as we more fully integrate SDS and Brennan. We are in exciting times, and this is a wonderful step forward,” added Brennan President and CEO, Matt Binsfeld.