Encore Dredging Partners (EDP), a newly formed premier specialty dredging and marine infrastructure services firm, has acquired Inland Dredging Company for an undisclosed purchase price.
EDP completed the transaction with the support of AV Capital who is the sole financial sponsor of EDP and will continue to support future growth and provide oversight.
According to their official statement, EDP was founded to be the premier mid-sized cutter suction and mechanical dredging services provider focusing on navigable waterways throughout the United States.
EDP’s leadership team brings a combined 75 years of dredging and marine infrastructure services experience and is focused on delivering high quality projects to private owners and government agencies.
Their partnership with AV Capital and acquisition of Inland establishes a growth-oriented platform poised for further expansion of its dredging and marine infrastructure services throughout the U.S.
For 24 years, Inland has provided dredging services throughout the Central U.S. river system and the Gulf Coast areas of Florida, Alabama, Mississippi, Louisiana, and Texas.
Inland’s main services include maintenance and deepening dredging, beach nourishment, coastal restoration, marsh creation, and island restoration and protection.
They operate a fleet of three 24” cutter suction dredges and provides an experienced group of highly skilled professionals utilizing the latest technology and equipment.
“The acquisition of Inland represents an important step in the execution of our growth strategy for EDP and serves as a platform for continued client success,” said Dwayne Breaux, EDP’s Chief Executive Officer.
“Inland has a solid history of delivering high quality projects across the South and Southeastern United States. We are honored to be partnering with the outstanding Inland team to build upon their historical successes, enhance our capabilities, and expand our geographic footprint.”
Under the leadership of EDP and support of AV Capital, Inland’s existing management team will continue to provide services to its clients and a safe work environment to employees while seeking to expand service offerings, dredge capabilities, and geographical footprint.