The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•13 February 2026•

1 min read

Saltchuk Resources to Acquire Great Lakes Dredge & Dock in $1.5 Billion Deal

Kimberly-Clark and Kenvue logos with a golden handshake, stacks of coins, and financial documents on a world map background.

Saltchuk Resources Inc. has entered into a definitive agreement to acquire Great Lakes Dredge & Dock Corp. (GLDD) for approximately $1.5 billion in an all-cash transaction. The deal is priced at $17.00 per share, offering a significant premium to shareholders of the largest dredging contractor in the United States. This strategic acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. Following the merger, GLDD will operate as a standalone business unit under the Saltchuk umbrella, allowing the parent company to expand its maritime and freight transportation portfolio. The move underscores Saltchuk's commitment to strengthening its presence in critical maritime infrastructure and specialized logistics through the addition of a market leader.