HOME | Monitor | Ahtna Subsidiary Acquires Leading Dredging and Civil Construction Firm

Ahtna Subsidiary Acquires Leading Dredging and Civil Construction Firm

Nov 20, 2019 | Monitor

Ahtna, Inc.

ANCHORAGE—Ahtna Marine & Construction Company (AMCC), an Ahtna, Inc. subsidiary, has finalized acquisition of Cavache, a Florida-based dredging and civil construction firm. Cavache has been in operation for over fifteen years and its twenty employees and vessel and marine equipment assets will be transitioned under AMCC. 

“Cavache has an excellent reputation with their clients and the acquisition will bolster our strategic objective to expand operations throughout the Southeast region of the country,” said 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 US 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,” said Tom Maloney, Ahtna Netiye’s chief operating officer.

Current Issue

Alaska Business January 2021 Cover

January 2021

Alaska Business Magazine January 2021 Cover

In This Issue

Automating & Advancing

January 2021

Imagine hosting an event with an array of prospective clients in attendance, and the first slide of your presentation reads: “Here Is Exactly How Not to Hire Us.” It seems counterintuitive, but this is precisely what ARM Creative has done with its educational event series: SOTI.

Share This